Swenson, Inc.
Sales Budget
Nine Months Ended September 30, 2018
	Quarter Ended			Nine-Month
	March 31	June 30	September 30	Total
Cash sales, 40%	$44,000	$64,000	$54,000	$162,000
Credit sales, 60%	66,000	96,000	81,000	243,000
Total sales	$110,000	$160,000	$135,000	$405,000

Swenson, Inc.
Inventory, Purchases, and Cost of Goods Sold Budget
Nine Months Ended September 30, 2018
		Quarter Ended	Quarter Ended	Quarter Ended	Nine-Month
		March 31	June 30	September 30	Total
Cost of goods sold		$44,000	$64,000	$54,000	$162,000
Plus:	Desired ending merchandise inventory	$16,400	$15,400	$18,400
Total merchandise inventory required		$60,400	$79,400	$72,400
Less:	Beginning merchandise inventory	$15,000	$16,400	$15,400
Budgeted purchases		$45,400	$63,000	$57,000

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Rent, $1,600 per month

Salaries, $4,500 per month

Commissions, 2% of sales

Depreciation, $1,600 per month

Miscellaneous expenses, 1% of sales

Swenson, Inc.

Selling and Administrative Expense Budget

Nine Months Ended September 30, 2018

Quarter

Quarter

Quarter

Ended

Ended

Ended

Nine-month

March 31

June 30

September 30

Total

Variable expenses:

Total variable expenses

Fixed expenses:

Total fixed expenses

Total selling and administrative expenses