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need A and B (can show minimal work) thank you will upcote At March 31 Streuling Enterprises, a merchandising firm, had an imventory of 41,500

need A and B (can show minimal work)
thank you will upcote
image text in transcribed
image text in transcribed
At March 31 Streuling Enterprises, a merchandising firm, had an imventory of 41,500 units, and it had accounts recelvable totaling $88.500. Sntes, in units, hove been budgeted as follows for the next four months: Streuling's board of directors has established a policy to commence in Apri that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales. The selling price is $9.0 per unit. One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month. Required: a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. b. Prepare a schedule of expected cash collections for each of the months April, May, and June. Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections for each of the months April, May, and June. Note: Do not round your intermediate calculations, Round your final answers to the nearest whole dollars. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months Aprll, May, and June. Note- Do not round your intermediate calculations. Round your final answers to the nearest whole number

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