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Project #4 - Enterprise Tea Operating Budget. Prepare the Operating Budget for Enterprise Tea Company x September Sales =$150,000 October Sales expected to increase by
Project #4 - Enterprise Tea Operating Budget.
Prepare the Operating Budget for Enterprise Tea Company
x
September Sales =$150,000 October Sales expected to increase by .5\% November Sales expected to increase by 2% December Sales expected to increase by 4% Enterprise Tea Company Cost of Goods Sold Budget 4th Quarter 2021 Cost of Goods Sold(60\%) Desired Ending Inventory Total Inventory Required Beginning Inventory Total Purchases Required September Ending Inventory =$50,000 Desired Ending Inventory =$4,000+65% of Cost of Goods Sold Enterprise Tea Company Operating Expense Budget 4th Quarter 2021 October November December Total Salaries Expense Depreciation Expense Other Operating Expenses Total Expenses Salries Expense =15% of Sales Depreciation Expense =$6,500 per month Other Operating Expenses =12% of SalesStep by Step Solution
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