The Vroom company sells only one product, a BMW car. She foresees
achieve the following sales for the year 2005:

Monthly Sales Forecast (in Units) - 20x5

January	50	July	95
February	35	August	85
march	40	September	80
April	75	October	60
may	80	November	75
june	90	December	99

On the other hand, you know that:

1. Forty percent of sales are made in cash and the rest on credit;

2. The selling price is $125,000 for the first six months of the year 20X5 and at $135,000 for the rest of the year; 31r 002

3. The purchase price is $80,000; (3)251 al 1e INR)gTo4. Purchases are made 30% in cash and the rest on credit.

5. It is company policy to maintain inventory at the beginning of each month the number of cars that corresponds to half of the sales of the month. The planned stock at the end of December 20X5 reaches 30 cars;

6. Monthly salaries consist of a fixed amount of $350,000 and a variable amount equal to 15% of monthly sales;

7. The business pays a monthly rent of $15,000;

8. The business pays property taxes of $500 per month;

9. Other variable expenses correspond to 6% of sales;

10. Other fixed charges amount to $140,000; 020

11. The company has a loan whose balance at the beginning of January is $232,000. The monthly interest rate on the loan is 0.65%. the monthly payment is $3456.

Work to do :

Prepare operating budgets for the 20X5 year.