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On March 31st, Akira Enterprises, a merchandising firm, hod an inventory of 40,000 units and it had accounts receivable totaling $90,000. Soles in units, have been budgeted as follows for the next four months April May June July 60,000 75,000 90,000 B0,200 Akira " board of directors has established a policy to commence in April 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 prices $2 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, Moy, and June b) Prepare a schedule of expected cash collections for each of the months April May, and June. Short Answer Torper navigation