Sweeney Corner Shoppe is a local convenience store with the following information:

$($Click the icon to view the information.$)$

Read the requirements.

Requirement $1.$ Prepare the sales budget for November and Decemb

Sweeney Corner Shoppe

Sales Budget

For the Months of November and December

Data iable

October sales were $$280,000.$

Sales are projected to go up by $10\%$ in November $($from the October

sales$)$ and another $25\%$ 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.

Sweeney Corner Shoppe's gross profit is $20\%$ of its sales revenue.

For the next several months, the store wants to maintain an ending

merchandise inventory equal to $$18,000+10\%$ of the next month's cost

of goods sold. The September $30$ inventory was $$40,400.$

Expected monthly operating expenses include:

Wages of store workers are $$8,900$ per month

Utilities expense of $$1,300$ in November and $$2,200$ in December

Property tax expense of $$1,900$ per month

Property and liability insurance expense of $$1,200$ per month

Depreciation expense of $$4,000$ per month

Transaction fees, as stated above, are $2\%$ of credit and debit card

salesBudgets are?