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do all Tammy's Turtles buys and sells pet turtles. The average purchase price is $10 per turtle and the average sales price is $20 per
do all Tammy's Turtles buys and sells pet turtles. The average purchase price is $10 per turtle and the average sales price is $20 per turtle. Tammy prefers to maintain an inventory level of 40% of next month's expected sales. V2 of Tammy's customers buy on credit. Of these, Vapay within the month of purchase and pay the following month. Tammy buys all turtles on credit and pays for 30% the same month and 70% the following month. At the end of February, Tammy had 200 turtles in inventory. During March, April, and May, Tammy expects to sell 600, 700, and 800 turtles, respectively. Produce a sales budget for April (including cash collections). Sales (# units): Answer: Sales price in $: Answer: Sales revenue in $: Answer: Cash collections Cash from this month's sales in $: Answer: Cash from last month's sales in $: Answer: Total cash collections in $: Answer: Produce a purchases budget for April (including cash payments). Sales (# units): Answer: Desired ending inventory: Answer: Units needed: Answer: Beginning inventory: Answer: Purchases (# units): Answer: Purchase price: Answer: Purchases in $: Answer: Cash payments Cash for this month's purchases in $: Answer: Cash for last month's purchases in $: Answer: Total cash payments in $: Answer: Finish a
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do all
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