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Delta Retailers Inc.Scenario: Budget PreparationData:Sales Forecast:January: $100,000February: $120,000March: $110,000Expenses:Salaries: $30,000 per monthRent: $10,000 per monthUtilities: $5,000...

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Accounting

Delta Retailers Inc.

Scenario: Budget Preparation

Data:

  • Sales Forecast:
    • January: $100,000
    • February: $120,000
    • March: $110,000
  • Expenses:
    • Salaries: $30,000 per month
    • Rent: $10,000 per month
    • Utilities: $5,000 per month

Requirements:

  1. Prepare a monthly sales budget for January to March.
  2. Prepare a monthly operating budget for January to March.
  3. Discuss the importance of budgeting in financial planning and control.

Answer & Explanation Solved by verified expert
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