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te The following data relate to the operations of Shilow Company a wholesale distributor of consumer goods Cument assets as of March 31 7600 s 20.400 40 200 $128 400 23.925 150 000 5 22.675 Inventory Building and equipment e Capital stock a The gross margn is 2S% of sales b Actual and budgeted sales data March (actua May July S $1,000 s 72.000 s 97.000 s 48,000 Sales aro 60% for cash and 40% on credit Credt sales are collected rthe morth folowing salen e aceeunt.eceivable at March 31 .muter Ma ch eredtum d Each month's endng nventory should equal 80% of the folowing month's budgeted cost of goods sold e One-haf of a month's inventory purchases is paid for in the month of purchase the other half is paid for in the following month The accounts payable at March 3t ars the u of March purchases of f Monthly expenses are as folows commissons, 12% of sales, rent $2 400 per month, other sponses ienuong deprecateni 8% ef sales Anno nu fine operaes ano pad mothly anet) Depreciator, s S 963 per month onclues depreciation en g Equipment costing $1,600 will be purchased for cash in Apri h Management would ike to maintain a minimum cash balance of at least 54,000 at the end of each month The company has an agreement wth a ocal ban thal alows ine conery to increments of$1,000 t the begin ing of each month uptototal loan bea ce osoooor--wwraa an me" lean. seroo rdt eeley.ee een,et reet. compounded The company would as far as it is able, repay the loan plus accumulated interest at the and of the quar ALIENWARE

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