Developing a Master Budget for a Merchandising Organization Aasume Nare.strom prepares hudgets quarterty. The following information is available for use in planning the record quarter budget for one of its stores in thousands NORDSTROM Balance Sheet March 31 Assets Llabilities and Stockholders Equity Cash $2.525 Nethandise purchasebe 52.400 ARTH 2.1MB Sebul Prepaid nane 150 3.000 Tavels $11,115 Total bly $11,115 TIC Actual and forecasted sales for selectec months in the upcoming year are as follows: Month in thound Sales www Wy $3,4! 2.70 Ward 2.000 pril 3.000 Way uly .WUST ! 2.200 4.000 Monthly operating pances are folos W205 and sabies 1750 Depression 75 ANT Cesh dividends for the sture of S710 thousand are declared during the third month of each cuarter and are paid during the first month of the following quarter. Operating expenses, excepe insurance, rert.anc devreciation are wait as incurred. The prep dinsurance is for five more month. Cost of goods sold is equal to 50% of sales Encing mentories are sufficient for 150% of the next month's cost of sales Purchases during any given month are paid in full during the folosing month Cash sales account for 50% of the revenue or the credit sales 605 are collected in te next month and 106 are collected in the month at Mancy can be bored and repaid in multiples of $100 thousand at an interest rate of 1264 per year. The company dessa minimum casa balance at 2 million on the first at each month. At the time the principalis ropaid, interest is paid on the partion of principal that is repsd. All borrowing is at the beginning of the month, and al repayment is at the end of the march. Marey is never repaid at the end of the month is borrowed. Part A Par Part Par:D Fart Part F la Prepare a purchases budget for each month of the secund vuarter ending June 30 NORDSTROMS Monthly Purchase Budget in thousandal Quarter Ending June 30 Acril May June Total Budzcedures Check Developing a Master Budget for a Merchandising Organization Aasume Nare.strom prepares hudgets quarterty. The following information is available for use in planning the record quarter budget for one of its stores in thousands NORDSTROM Balance Sheet March 31 Assets Llabilities and Stockholders Equity Cash $2.525 Nethandise purchasebe 52.400 ARTH 2.1MB Sebul Prepaid nane 150 3.000 Tavels $11,115 Total bly $11,115 TIC Actual and forecasted sales for selectec months in the upcoming year are as follows: Month in thound Sales www Wy $3,4! 2.70 Ward 2.000 pril 3.000 Way uly .WUST ! 2.200 4.000 Monthly operating pances are folos W205 and sabies 1750 Depression 75 ANT Cesh dividends for the sture of S710 thousand are declared during the third month of each cuarter and are paid during the first month of the following quarter. Operating expenses, excepe insurance, rert.anc devreciation are wait as incurred. The prep dinsurance is for five more month. Cost of goods sold is equal to 50% of sales Encing mentories are sufficient for 150% of the next month's cost of sales Purchases during any given month are paid in full during the folosing month Cash sales account for 50% of the revenue or the credit sales 605 are collected in te next month and 106 are collected in the month at Mancy can be bored and repaid in multiples of $100 thousand at an interest rate of 1264 per year. The company dessa minimum casa balance at 2 million on the first at each month. At the time the principalis ropaid, interest is paid on the partion of principal that is repsd. All borrowing is at the beginning of the month, and al repayment is at the end of the march. Marey is never repaid at the end of the month is borrowed. Part A Par Part Par:D Fart Part F la Prepare a purchases budget for each month of the secund vuarter ending June 30 NORDSTROMS Monthly Purchase Budget in thousandal Quarter Ending June 30 Acril May June Total Budzcedures Check