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Secure | https:/ omeworkaspx?homeworkkd 4442073008iquestionld 1fushed falsecld 46374078centerwin yes Managerial Accounting F17 Homework: E9-35A Score: 0 of 2 pts E9-35A (similar to) 10, 1 (0 dornplele) HW Score: 0% Data Table Slate Cormer Shoppe is a local convenience store with the folowing information Cick te icon to view the information) Read the tequirements October sales were $210,000 Sales areprojected to go up by 10% in November (hom the October sales)and anoter 20% in December (hom the November sales) and then returh to the October level in January . Requirement 1. Prepare the sales budget for November and December -25% of sales are made i, cash, while the remaing 75% are paid by erede or deli cara pe act ad companies Slate Corner Shoppe Sales Budget For the Months of November and December November and banks (debit card issuers, charge a 2% tansaction" and deposit the net amour (sales pice less the tanudion fee) in the store's bank account daily Slate Corner Shoppe's gross proft is 30% of its sales revenue For the next several months the store wants to maintain an ending merchandise inventory equal to $17000 + 15% ae the next months cost of goods sold. The September 30 inventory was $39,050 Expected monthly operating expenses include . . December . Cash sales Credt sales Total sales Wages of store workers are $8,500 per month Usiies expense of $1.300 in November and 32 400 in December .Property tax expense of $2,700 per month Property and labany insurance expense of $300 per month Depreciation expense of $5.000 per month Transaction fees as stated above, are 2% of credit and debit card sales Print Done Enter any number in the edit fields and then click Check Answer Clear Al Check Answer 3 Pemsaning