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Example assumptions: 1. Krusty Krab sells Krabby Patty only. The selling price of Krabby Patty is $3.50. 2. Krusty Krab has 153 customers per day

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Example assumptions: 1. Krusty Krab sells Krabby Patty only. The selling price of Krabby Patty is $3.50. 2. Krusty Krab has 153 customers per day on average. Each customer purchases one Krabby Patty per visit. Krusty Krab has Food Truck Festival every June which increases its regular sales by 50% per day. 3. 90% of sales are paid by cash. 10% is collected in the month following sale. The March 31st accounts receivable balance of $600 will be collected in full in April. 4. Krusty Krab stores frozen Krabby Patty so they can sell them during the busy days in the following month. In general, Mr. Krab wants ending inventory of Krabby Patty to be equal to 10% of the following month's budgeted sales in units. On March 31st, 474 units of Krabby Patty were on hand

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