Sweeney Corner Shoppe

Sales Budget

For the Months of November and December

$\backslash$table$[[,$November,December$],[$Cash sales,,$],[$Credit sales,,$],[$Total sales,,$]]$

Data table

Oclobet sales were $$300,000.$

Sales are projected to go up by $15\%$ in November $($from the October sales$)$ and another $30\%$ in December $($from the Nowember sales$)$ arid then return to the Octaber level in January.

$20\%$ of sales are made in cash while the remaining BD$\%$ are paid by credit or debit cards, The credit card companies and banks $($debit card issuers$)$ charge a $2\%$ transaction fee, and depcsit the net amount $($sales price inss the transaction fee$)$ in the store's bank account daily.

Sweeney Carner Sthoppe's gross profit is $30\%$ of its sales revenue.

For the nexl several moxtiss, the store wants to maintain an ending merchandise inventory equal to $$17\mathrm{.}000+10\%$ af the next month's cost of qoods sold The September $30$ inventary wass $538,000.$

Expected monitily uperating experises inctude

For the next several months, the store wants to maintain an ending merchandise inventory equal to $$17,000+10\%$ of the nexi month's cost of goods sold. The September $30$ inventory was $$38,000$

Expected monthly operating expenses include$-$

Wages of store workers are $$8,800$ per month

Utiities expense of $$1,300$ in November and $$1,400$ in December

Property lax expense of $$2,400$ per month

Property and liability insurance expense of $$1\mathrm{.}000$ per month

Depreciation expense of $$5,000$ per month

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