Jezaret, Inc.
Sales Budget
Nine Months Ended September 30, 2018
	Quarter Ended			Nine-Month
	March 31	June 30	September 30	Total
Cash sales, 30%	$36,000	$51,000	$43,500	$130,500
Credit sales, 70%	84,000	119,000	101,500	304,500
Total sales	$120,000	$170,000	$145,000	$435,000

Jezaret, Inc.
Inventory, Purchases, and Cost of Goods Sold Budget
Nine Months Ended September 30, 2018
		Quarter Ended	Quarter Ended	Quarter Ended	Nine-Month
		March 31	June 30	September 30	Total
Cost of goods sold		$48,000	$68,000	$58,000	$174,000
Plus:	Desired ending merchandise inventory	$16,800	$15,800	$18,800
Total merchandise inventory required		$64,800	$83,800	$76,800
Less:	Beginning merchandise inventory	$18,000	$16,800	$15,800
Budgeted purchases		$46,800	$67,000	$61,000

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Rent, $3,100 per month

Salaries, $2,500 per month

Commissions, 3% of sales

Depreciation, $1,700 per month

Miscellaneous expenses, 1% of sales

,

Inc., sells tire rims. Its sales budget and inventory, purchases, and cost of goods sold budget for the nine months ended

September

30,

2018,

follow:

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.....

Jezaret's

selling and administrative expenses include thefollowing:

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(Click the icon to view the expenses.) Prepare a selling and administrative expense budget for each of the three quarters of

2018

and totals for thenine-month period.

Jezaret, Inc.
Selling and Administrative Expense Budget
Nine Months Ended September 30, 2018
		Quarter	Quarter	Quarter
		Ended	Ended	Ended	Nine-month
		March 31	June 30	September 30	Total
	Variable expenses:
	Commissions Expense
	Miscellaneous Expenses
	Total variable expenses
	Fixed expenses:
	Salaries Expense
	Rent Expense
	Depreciation Expense
	Total fixed expenses
	Total selling and administrative expenses