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Discount Dollar Store is a local discount store with the following information Click the icon to view the information) Read the requirements Requirement 1. Prepare the sales budget for November and December Discount Dollar Store Sales Budget For the Months of November and December November December Cash salos Credit sales Total sales Requirement 2. Prepare the cost of goods sold, Inventory, and purchases budget for November and December Discount Dollar Store Cost of Goods Sold, Inventory, and Purchases Budget For the Months of November and December November December Cost of goods sold Dawn Discount Dollar Store is a local discount store with the following information: E (Click the icon to view the information.) Read the requirements Requirement 2. Prepare the cost of goods sold, inventory, and purchases budget for November and December Discount Dollar Store Cost of Goods Sold, Inventory, and Purchases Budget For the Months of November and December November December Cost of goods sold Plus: Desired ending inventory Total Inventory required Less: Beginning inventory Purchases Requirement 3. Prepare the operating expense budget for November and December Discount Dollar Store Cash Payments for Operating Expenses Budget For the Months of November and December November December Discount Dollar Store is a local discount store with the following information: Click the icon to view the information) Read the requirements CORE Requirement 3. Prepare the operating expense budget for November and December Discount Dollar Store Cash Payments for Operating Expenses Budget For the Months of November and December November December Wage expense Utilities expense Property tax expense Property and liability insuranse expense Depreciation expense Credit/Debit card fous expense Total operating expenses Requirement 4. Prepare the budgeted income statement for November and December Review the budgets prepared in Requirements 1, 2, and 3 Discount Dollar Store Discount Dollar Store is a local discount store with the following information: (Click the icon to view the information) Read the requirements COB Requirement 4. Prepare the budgeted income statement for November and December. Review the budgets prepared in Requirements 1, 2, and 3. Discount Dollar Store Budgeted Income Statement For the Months of November and December November December Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses Net income Requirement 5. Prepare the cash collections budget for November and December. Review the sales budget prepared in Requirement 1. Discount Dollar Cash Collections Budget Discount Dollar Store is a local discount store with the following information: Click the icon to view the information) Read the requirements Requirement 5. Prepare the cash collections budget for November and December Review the sales budget prepared in Requirement 1 Discount Dollar Cash Collections Budget For the Months of November and December November December Cash sales Credit sales, net of fees Total cash collections Requirement 6. Prepare the cash payments budget for November and December (If no cash payment is madd, make sure to ontar "o" in the appropriato coll.) Review the budgets prepared in Requirements 1, 2 and 3 Discount Dollar Cash Payments for Operating Expenses Budget For the Months of November and December November December Discount Dollar Store is a local discount store with the following information Click the icon to view the information) Read the testirements Requirement 6. Prepare the cash payments budget for November and December ( no cash payment is made, make sure to enter in the appropriate call) Review the budgeta prepared in Requirements 1, 2 and 3 Discount Dollar Cash Payments for Operating Expenses Budget For the Months of November and December November December Purchases of inventory 30 day log Cash payments for wages Cash payments forts Cash payments for property tones Cash payments for dividende Property and ability insurance Total payments for operating expenses Requirement 7. Prepare the combined cash budget for November and December fra for any parents or a minus sign for negative cash balances and financing payments) Review the cash collections and cash payments budgets prepared in Requirements and 6 Discount Dollar Store is a local discount store with the following information: Click the icon to view the information) Read the requirements CE Review the cash collections and cash payments budgets prepared in Requirements 5 and 6. Discount Dollar Combined Cash Budget For the Months of November and December November December Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Financing Plus: New borrowings Less: Debt repayments Less: Interest payments Ending cash balance ation: - X Requirements Requirements Eember Prepare the following budgets for November and December: 1. Sales budget 2. Cost of goods sold, inventory, and purchases budget 3. Operating expense budget 4. Budgeted income statement 5. Cash collections budget 6. Cash payments budget 7. Combined cash budget Print Done Data table - October are projected to be $300.000 Sales are projected to increase by 15% in November and another 30% in December and then return to Detober level in January 20% of we are made in cash wile the remaining 80% are paid by Credit or debit cards. The credit card companies and banks (det er en charge a transaction fee and deposit the net mour sales priceless the transaction to in the store's bank account day. The store does not accept checks Because of the payment mechanisms, there is no risk ofron payment or bad debts The store gross 20% of sales rever For the need several months, the worn wants to maintain an ending merchandise inventory equal to $12.000 ps 20% of the rest mont's con el poote toid. At purchases for merchandise are made on account and ped in the month following the purchase. The selber 30 ventory is expected to be $57.000 Expected monthly operating perses and details about payments include a folown Wages of store wortes should be ST.000 per month and we paid on the last day of each month Urpe is expected to be S600 per month in September October, and November ested to be 51.600 per month during the colder month of December January and February Alytatybare pad na more inued Property 5.20.400 per year and is padalcach December and June Property and ability insurance 521.000 per year and is paid soy each day and Derection $132.000 per year, the wine med ud Tractions diferent de cada Cathords 200 000 din December Arun the bacon is 540 000. The comowy warto mariana chance of $40.000 de and fevery month The company has angeliorem with a focorre There is no standing des Ober +