A.) create a merchandise product budget showing how many units should be purchase for each of the following months April, may, and June B.) create a schedule of expected cash collections for each of the months April, may and June

At March 31st, Streuling Enterprises, a merchandising firm, had an inventory of 38,000 units, and it had accounts receivable totaling $85,000. Sales, in units, have been budgeted as follows for the next four months: April 60,000 May 75,000 June 90,000 July 81,000 Streuling's Board of Directors has established a policy to commence in April that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales. The selling price is $2.00 per unit. One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month