AutoSave Off Document1 - Saved to this PC- Search shaz25379@gmail.com S 7 File Home Insert Design Layout References Mailings Review View Help Share Comments X Cut Times New Rom 12 AA Aa to == = = [ 1 Normal 1 No Spac... Heading 1 Heading 2 Title La Copy & Format Painter Find Gbc Replace h Select Paste BI U zb x, x? A LA Dictate Editor Clipboard Font Editing Voice Editor Paragraph Styles A I'llllllllllllllll.3.1.1.1.4...l...5.1.1.1.6.''''' L lit|'' Larda is a small retailer that sells phone cases. The following estimates are available for the coming period MonthBudgeted Sales (Units) April 20,000 May 25,000 June 22.000 Notes: 11. LILIIT!!!!!!!!!!!!!!!!!Dirilirisinil 1V. 1 Opening cash balance for the month of May is expected to be $4,625. Inventory policy-ending inventory of finished goods equal to 25% of that month's sales. 111. Budgeted selling price per case- $20 (Purchase price per case - $10 (purchase volume greater than 10,000 cases per month will receive a 5% discount). Collections from customers: 75% in the month of sale 25% one month after the sale Monthly operating expenses are budgeted at: Marketing $10,000 per month Sales commission (5% of Total Sales Collection for the month) Administration cost per month is $18,000. This includes depreciation of $2,000 per month V. Page 1 of 1 190 words Focus 100% Type here to search O 0. 7:44 PM 3/21/2021 AutoSave Off Document1 - Saved to this PC- Search shaz25379@gmail.com S 7 File Home Insert Design Layout References Mailings Review View Help Share Comments X Cut Times New Rom 12 AA Aa to == = = [ La Copy * Format Painter AaBbCcDc AabbCcDc AaBbc Aabbcc AaB 1 Normal 1 No Spac... Heading 1 Heading 2 Title Find Sbc Replace Select Paste BIU ab x, X A LA Dictate Editor Clipboard Font Editing Voice Editor Paragraph Styles 11.1.1.1.1.2.1.1.1.3.1.1.1.4.1.1...5.1.1.1.6......... A Collections from customers: 1V. 75% in the month of sale 25% one month after the sale V. Monthly operating expenses are budgeted at: Marketing $10,000 per month Sales commission (5% of Total Sales Collection for the month) Administration cost per month is $18,000. This includes depreciation of $2,000 per month All expenses and purchases are paid in the month incurred unless otherwise specified. V1 LII.811,71TL 116111111.51..1...4... 1. Purchases budget in units for May is: 2. Purchases budget for May in dollars is: 3. Total Sales Collection for May is $: 4. Budgeted Closing Cash Balance for the month of May should be $ Page 1 of 1 190 words Focus 100% Type here to search O 0. 7:44 PM 3/21/2021