60.1K

Verified Solution

Link Copied!

Bodgeting On Your Owm an It's springtime, and Seeds R Us (SRU) is a company that sells herb and vegetable seeds for people to plant in their home gardens. See the following information for Seeds R Us: - Ench see packet costs Seeds R US $1 to purchase from its supplier. - Seeds R Us will sell the seed packets for $5/ each. - SRU will pay its supplier according to the following terms: 25% in the month of purchase, 50% in the 1 month following the purchase, and the remaining 25% in the 2ad month following the purchase. - SRU has a beginning inventory of 1,000 packets, which it has paid for entirely in December of 2016. - January 2017 is the company's first month of operations. - Seeds R Us likes to have 25% of the next months seed packet sales in ending inventory as a buffer. - SRU allows its customers to pay for purchases the month following the purchase, and it expects to have 40% cash sales and 60% credit sales. Projected sales for Seeds are Us are as follows: January 10,000 units February 10,000 units March - 25,000 units April - 30,000 units May - 30,000 units On the Sales Budget, please complete the entire budget that's given to you (January. February, March and the Quarter). In the Purchases Budget, please complete the entire budget that's given to you (January, ebruary, March and the Quarter)

Answer & Explanation Solved by verified expert

See Answer