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Vinning Office Supply's March 3 1 , 2 0 2 4 , balance sheet follows: ( Click the icon to view the balance sheet. )
Vinning Office Supply's March balance sheet follows:
Click the icon to view the balance sheet.
Requirement Prepare Vinning's sales budget for April and May Round all amounts to the nearest dollar.
More info
a Sales in April are expected to be $ Vinning forecasts that monthly sales will increase
over April sales in May. June's sales will increase by over April sales. July sales will
increase over April sales.
b Vinning maintains inventory of $ plus of the cost of goods sold budgeted for the
following month. Cost of goods sold equal of sales revenue.
c Monthly salaries amount to $ Sales commissions equal of sales for that month.
d Other monthly expenses are as follows:
Rent: $
Depreciation: $
Insurance: $
Income tax: $
Requirements
Prepare Vinning's sales budget for April and May Round all calculations
to the nearest dollar.
Prepare Vinning's inventory, purchases, and cost of goods sold budget for
April and May.
Prepare Vinning's selling and administrative expense budget for April and
May.
Data table
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