v2 - Page 6 Use the following information for the next three items. Bervc Bott sweets. Most of its sales are concentrated around holidays such as Christmas. A sales budget is given below for Every Flavor Beans, one of the d Botts purchases from a subcontractor. lentine's Dav t Bertie July Expected sales in dollars $360,000 S$20,.000 September 20% oftotal sales are cash sales, and the rest are sales on credit. August $400,000 ofall credit sales for any given month is collected in the month of sale, 40% of credit sales are collected in the following month. The gross profit rate for Every Flavor Beans has generally been 45% At the end of each month, Bertie Botts wants to maintain an inventory balance 30% of the following month's expected cost of sales. . 60% . equal to