October sales were $$290,000.$

Sales are projected to go up by $12\%$ in November $($from the October sales$)$ and another $20\%$ in December $($from the November sales$)$ and then return to the October level in January.

$25\%$ of sales are made in cash, while the remaining $75\%$ are paid by credit or debit cards. The credit card companies and banks $($debit card issuers$)$ charge a $5\%$ transaction fee, and deposit the net amount $($sales price less the transaction fee$)$ in the store's bank account daily.

Sweeney Corner Shoppe's gross profit is $40\%$ of its sales revenue.

For the next several months, the store wants to maintain an ending merchandise inventory equal to $$19,000+25\%$ of the next month's cost of goods sold. The September $30$ inventory was $$62,500.$

Expected monthly operating expenses include:

transaction fee$)$ in the store's bank account daily.

Sweeney Corner Shoppe's gross profit is $40\%$ of its sales revenue.

For the next several months, the store wants to maintain an ending merchandise inventory equal to $$19,000+25\%$ of the next month's cost of goods sold. The September $30$ inventory was $$62,500.$

Expected monthly operating expenses include:

Wages of store workers are $$8,700$ per month

Utilities expense of $$1,700$ in November and $$1,600$ in December

Property tax expense of $$2,400$ per month

Property and liability insurance expense of $$400$ per month

Depreciation expense of $$4,000$ per month

Transaction fees, as stated above, are $5\%$ of credit and debit card sales

Fequirements

Prepare the following budgets for November and December:

Sales budget

Cost of goods sold, inventory, and purchases budget

Operating expense budge!

Budgeted income statement

Sweeney Corner Shoppe

Sales Budget

For the Months of November and December

$\backslash$table$[[,$November,December$],[$Cash sales,,$],[$Credit sales,,$],[$Total sales,,$]]$