X P22-4 Det ble Question Heb Orah TBC pre L wa Omaha Omely Balance the Current 23.000 YO 0.00 SO . MATE Thermalta wwwwwww Ord ON $ M10.00 1 2.000 3000 B's sales budget for April and May 2018. Round all amounts to the nearest dollar Ottice Supply More Info Budget und May, 2018 April May a. Sales in April are expected to be $220.000. Omaha forecasts that monthly salos will increase 2% over April sales in May June's sales will increase by 4% over April sales. Joly salos wil Increase 20% over April b. Omaha maintain inventory of $12.000 plus 25% of the cost of goods sold budgeted for the following month cost of goods sold equal 50% of sales revenue Monthly salaries amount to $3,000 Sales commission equat % of sales for that month d. Other monthly expenses are as follows Rent $2.200 Depreciation $700 Insurance: 5500 Income tax $2.000 Print Done the egiten ari China Omaha Oce Supply's March 31, 2018, balance shee flow ca the cost owe balet) The budget committee of Omaha Office Supply has establed the folosing data: click the conto de data Read the Requirement 1. Prepare Omara sales budget for ori and May 2016 Round all mounts to the nearest doka Omaha Om Supply Sans Budget April May 2012 April May burated Beyond thic Check 2 ing Chere Complete) Data Table (similar to) Oly's March 31, 2018 to view the balances ommittee of Omaha Office Supply icon to view the data.) Hirements Omaha Office Supply Balance Sheet March 31, 2018 Assets Prepare Omaha's sales Current Assets Omaha Office Su Sales Budge April and May, $ 23,000 18,00 ad sales 39,500 1,200 $ 81,700 Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Total Current Assets Property. Plant, and Equipment: Equipment and Fixtures Lass: Accumulated Depreciation Total Assets Liabilities Current Liabilities: Accounts Payable Surinammisaari 55.000 (26.000) 29.000 110,700 s $ 12.000 3.600 my number in the edit fields and Print Done Done aining et follows: Data Table has assembled the following data: 39,500 April and May 2018 1,200 Merchandise Inventory Prepaid Insurance Total Current Assets Property, Plant, and Equipment Equipment and Fixtures Less: Accumulated Depreciation 81,700 May 55,000 (26,000) 29,000 $ 110,700 $ 12.000 3,600 Total Assets Liabilities Current Liabilities: Accounts Payable Salaries and Commissions Payable Total abilities Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity Total abilities and Stockholders' Equity $ 15,600 21,000 74,100 95.100 5 110,700 nd then click Check Answer Print Done Check Answer CUISIRS budget for April and May 2018. Round all amounts to the nearest dolar pply 0 More Info 1 2018 X April May Sales in April are expected to be $220,000. Omaha forecasts that monthly sales will increase 2% over April sales in May June's sales will increase by 4% over April sales July sales will increase 20% over April sales. b. Omvaho maintains inventory of $12,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50% of sales revenue c. Monthly salaries amount to $3.000. Sales commissions equat 5% of sales for that month, d. Other monthly expenses are as follows: Rent: $2.200 Depreciation: $700 Insurance $500 Income tax $2.000 Print Done Apri and May 2018. Round all amounts to the nearest dollar. Read the requirements. Requirements May - 1. Prepare Omaha's sales budget for April and May 2018. Round all calculations to the nearest dollar 2. Prepare Omaha's inventory, purchases, and cost of goods sold budget for April and May 3. Prepare Omaha's selling and administrative expense budget for April and May Print Done then click Check Answer HW Score Omaha Office Supply March 31, 2018, balance shoot follows: em Click the icon to view balance shot) The budget committee of Omaha Office Supply has assembled the following det Click the icon to view the dots) Read the Requirement 1. Prore Oman's soles budget for Apeland May 2018. Round all amounts to the nearest of Omaha Onice Supply Stoget April May, 2018 April May 2. CA Check