Most sales are made on credit, usually 70% is paid upon receipt of the goods. 30% payment in the following month. Sales actual in April and sales budget in the next 4 month.

Month. $ April. 400,000 May. 500,000 June. 700,000 July. 900,000 August. 600,000

add info The inventory is purchased on credit. The cost of goods sold for the company equals 60% of sales. The company pays 50% of the purchase when the goods are received at the warehouse and pays it off in the following month. End-of-month inventories must meet the company's requirement of being equL to 25% of the cogs for the next month.

1.how much money the company may expect to bring in overall in june 2. determine how much inventory the company should have on hand at the end of may based on the allocated dollar amount 3. calculate the quantity of goods rhat the business should buy in june and july (with assumption inventory beginning balance equal with previous month ending balance) 4. determine how much cash will be paid to suppliers in month of july related with inventories purchases