Holiday Bay Corporation 3rd Quarter MASTER BUDGET (October - December 2023) Total sales will remain the same for the month of October. November sales will double September sales, and December sales will be triple September sales due to our seasonal products. Sell price per unit- $10. Cost per unit - $8. SALES - 60% credit and 40% cash SALES/REVENUE BUDGET PURCHASES 80% of current months sales +500 units of safety stock. PURCHASES BUDGET Credit Collections 100% of previous month's sales CASH COLLECTIONS BUDGET \begin{tabular}{|l|l|l|l|l|l|} \hline & Cctober & November & Decenber & TOTAL \\ \hline \hline Cash Siles & & & \\ \hline Croditsales & & & & \\ \hline TOtAlSales & & & \\ \hline \end{tabular} Commission 3.5% of previous month's sales Miscellaneous - 2% of current month's sales OPERATING EXPENSES BUDGET Or MANUFACTURING COST BUDGET 42 80% of purchases paid in cument month, 20% paid in month after purchase BUDGETED INCOME STATEMENT (Quarter ended December 31, 2023) Sales cocs CM Operating Expenses: Wages Commission Miscellaneous Rent Depreciation OPERATING INCOME