Tourist Trinkets, Inc. had a $$70,000$ cash balance on July $1.$ Other facts are as follows:

Half of all sales are on credit.

Of the credit sales, $75\%$ are collected in the same month and $25\%$ in the next month.

Sales for June were $$125,000,$ and expected sales are $$160,000$ in July and $$130,000$ in August.

Desired ending inventory is $15\%$ of next month's sales in units at the end of each month.

The gross margin percentage is $40\%.$

Payments to suppliers are made $70\%$ in the same month as purchases are made and $30\%$ in the following month.

Total monthly fixed selling and administrative costs are $$25,000$; of this amount, depreciation expense is $$10,000.$

All cash expenses are paid in the month incurred.

Variable selling and administrative costs are $$2\mathrm{.}00$ per unit and paid in the month incurred.

The sales price is $$16$ per unit.

The company plans to buy a small parcel of land at the end of July for $$15,000.$

a$.$ What were purchases in June and what are expected purchases in July?

b$.$ What is the budgeted cost of goods sold for July?

c$.$ What is the budgeted income before taxes for July?

d$.$ What are budgeted cash collections for July?

e$.$ What are budgeted payments to suppliers in July?

f$.$ What is the budgeted ending cash balance as of July $31?$

g$.$ What is the budgeted balance of accounts receivable on July $31?$

h$.$ What is the budgeted balance of accounts payable on July $31?$