FIUITIVUin. Leal illliy UjOLVO TI pur vuuyul TUI U TRIU Score: 0 of 6 pts 2 of 2 (1 completo) E9-55B (similar to) Karma Comer Shoppe is a local convenience store with the following information: (Click the icon to view the information) Read the requirements * Data Table Requirement 1. Prepare the sales budget for November and December Karma Corner Shoppe Sales Budget For the Months of November and December November December Cash sales Credit sales October sales were $230,000 Sales are projected to go up by 5% in November (from the October sales) and another 25% in December (from the November sales) and then return to the October level in January 20% of sales are made in cash, while the remaining 80% are paid by credit or debit cards. The credit card companies and banks (debit card issuers) charge a 1% transaction foe, and deposit the net amount (sales price less the transaction fee) in the store's bank account daily Karma Comer Shoppe's gross profitis 20% of its sales revenue For the next several months, the store wants to maintain an ending merchandise inventory equal to $16,000 10% of the next month's cost of goods sold. The September 30 inventory was $34,400. Expected monthly operating expenses include: Wages of store workers are $9,300 per month Utilities expense of $1,500 in November and $1,600 in December Property tax expense of $2,100 per month Property and liability insurance expense of $900 per month Depreciation expense of $8,000 per month Transaction fees, as stated above, are 1% of credit and debit card sales Total sales Print Done Enter any number in the edit fields and then click Check