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Please answer all three parts of the question a) For august, what amount of inventory would appear in the company's balance sheet budget? b) For
Please answer all three parts of the question
The Hawthorne Company buys tables for $140 and sells them for $260 each; the company has the following sales forecast: August 2,000 units September 2,800 units October 3,100 units. Ending inventory for each month should be 20% of the next month's sales. The company had 36 units of inventory and $23,000 in cash on August 1st. The company has rent of $14,500 and fixed payroll of $38.200 each month. For August, what amount of inventory would appear in the company's balance sheet budget a) For august, what amount of inventory would appear in the company's balance sheet budget?
b) For october, what net income would appear on the company's income statement budget?
c) For august, what total dollar amount would appear in the company's purchases budget?
THANK YOU!
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