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As the manager of the appliances * 1 point department at a large retail store, Maria looks forward to a periodic which she receives on the basis of her department's performance relative to its budgeted sales and profits. A. fringe benefit B. commission C. gratuity D. bonus E. perquisite Xi sells fruit and vegetables from his market stall for cash. His budgeted sales for February, March and April are $45,000,$50,000 and $55,000 respectively. His suppliers allow him one month's credit in which to pay for the fruit and vegetables that he sells. His purchases cost is budgeted to be 80% of the sales value of his produce. Xi rents his market stall at a cost of $1,000 per month, payable on the first day of each month. Electricity costs for his market stall amount to $200 per month and he pays for these quarterly in March, June, September and December. Xi withdraws $2,000 a month from his business for his own personal expenses. What is Xi's net cash inflow for March? 1. Prepare a cash flow statement 2. Calculate the cash inflow 3. Explain your calculations 4. Provide your analysis 2. Canadians love coupons. The main reason marketers give us so many of these coupons, particularly during the introductory stage, is A) winning shelf space B) brand loyalty C) rewarding customers D) trial purchase E) building trade relationships A BUSINESS SCENARIO Budg Eted is an individual who is considering an expansion of her curtent business. Budg is planning to move cperations to a bipger workshop and has applied for a loan to finance this initiative. The bank has asked Budg to produce a budget covering sales, costs and cash flows for the next 12 months as wel as a budgeted statement of financial position at the end of the 12 months, Budg has started on the forecasts and has produced 3 months of the neet financial year. However, Budg is finding budgeting dificult and has asked you for your assistance to compleve the remainder of the forecast. BUDGETING A BUSINESS SCENARIO - STEP 1 SETTING THE STRATEGY AND DECIDING ON SELLING PRICES Budg has to decide what she wants to achiere and whether there are any obstacles she must overoome in achieving the goate. Budg wants to explend bu she seels that the lack of france is holding her back. Howevec, her products are seling wet and her cushemen are plessed wath the quaviy of her exteut. Eludg frst decision wal be to set her seling proes, Should she raise these, wave them at the same kerel or reduce the seling prices of each product? felow is a costing for her Eiree products which she shared wth you and she has docused witi her kppolers who has reascued her that fore are no price horease or materads shorage ansipalod in the neet 12 monthis fier workdorce is loyar and they have utated thas they have no intertion of leaving in the next 12 months. BUDGETING A BUSINESS SCENARIO - STEP 2 SALES BUDGET Once dection on strategy and trices have been made. thit is De exacpy the right place to atart the butgeting procesu at so many other costs and cakh flows degend on the veluene of wales achieved. Budg has been taking to her customens and managed to determine the orders from customers for be first tree monts of the year as folgen: From these budgeted units of sake, can you prpduce a sabs budper