please SOLVE 7-31

Netfl D, Assignments-Account new doc 2017-11-1909.10.13 new doc 2017-11-1909.10.13 e new doc 2017-11-19 09.1013 - Ex & Assgn Ch 7-1.pdf https://elearning.sharja TripAdvisor vbid-1029604-dt-content-rid-1514705-1/courses/0301215, Kris Gethin's 12-week- Search @Getting Started * Most Visited TV-Events spread the word Watch Friends Online.. Mail Salaheddin Abd. E Blackboard Learn 1 of 1 - Automatic Zoom CJU purchases merchandise for resale to meet the current month's sales demand and to maintain a desired monthly ending inventory of 25% of the next month's cost of goods sold. All purchases are on credit. CJU pays for one-half of a month's purchases in the month of purchase and the other half in the month following the purchase. All sales and purchases occur uniformly throughout the month. accounts receivable collections during July 20X8? 1. How much cash can CJU plan to collect from 2. Compute the budgeted dollar value of CJU inventory on May 31, 20x8. 3. How much merchandise should CJU plan to purchase during June 20X8? 4. How much should CJU budget in August 20X8 for cas h payments for merchandise purchased? 7-30 Sales Budget Suppose a Gap store has the following data Accounts receivable, May 31: (3x May sales of $350,000) = $105,000 Monthly forecasted sales: June, $410,000; July, $44 0,000; August, $500,000; September $530,000 Sales consist of 70% cash and 30% credit. All credit accounts are collected i ing the sales. Uncollectible accounts are negligible and may be ignored. the month follow Prepare a sales budget schedule and a cash collections budget schedule for June, July, and Au 7-31 Sales Budget A Kyoto clothing wholesaler was preparing its sales budget for the first quarter of 2008. Forecast sale are (in thousands of yen) Scanned by CamScanner