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please help asap Zen Company prepares a monthly master budget. Data for the July master budget are given below. The June 1 Merchandise inventory is
please help asap
Zen Company prepares a monthly master budget. Data for the July master budget are given below. The June 1 Merchandise inventory is 50,000 and accounts payable related to inventory purchases for May is 25,000. Actual sales for June and budgeted sales for July, August, and September are June $137,500 July 360,000 August 400,000 The gross margin percentage is 40 percent of sales. The desired ending merchandise inventory is equal to 25 percent of the following month's sales. One-fourth of the purchases are paid for in the month of purchase, and the others are purchased on account and paid in full the following month. The monthly cash operating expenses are $43,000 and the monthly depreciation expenses are $7,000. What are the cash disbursements for June, July, and August Step by Step Solution
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