Smith Corner Shoppe is a local convenience store with the following information: (Click the icon to view the information.) Read the Data table - October sales were $210,000. - Sales are projected to go up by 10% in November (from the October sales) and another 20% in December (from the November sales) and then return to the October level in January. - 25% of sales are made in cash, while the remaining 75% are paid by credit or debit cards. The credit card companies and banks (debit card issuers) charge a 2% transaction fee, and deposit the net amount (sales price less the transaction fee) in the store's bank account daily. - Smith Comer Shoppe's gross profit is 30% of its sales revenue. - For the next several months, the store wants to maintain an ending merchandise inventory equal to $19,000+15% of the next month's cost of goods sold. The September 30 inventory was $41,050. - Expected monthly operating expenses include: - Wages of store workers are $8,700 per month - Utilities expense of $1,800 in November and $1,900 in December - Property tax expense of $2,300 per month - Property and liability insurance expense of $600 per month - Depreciation expense of $8,000 per month - Transaction fees, as stated above, are 2% of credit and debit card sales Get more help Crear an