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p9-5a - Name Date Instructor Course rd Managerial...

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FileName: 9897cc0fbc3544c994081bb3aef0580e8efd05b0.xls, Tab: Problem P9-5A, Page 1 of 2, 12/28/2011, 19:02:15 Name: Date: Instructor: Course: 1 Expected Sales: July $400,000 August $450,000 September $500,000 2 Cost of goods sold is expected to be 60% of sales 3 Company policy is to maintain ending merchandise inventory at 25% of the following month's cost of goods sold 4 Operating expenses are estimated to be: Sales salaries $30,000 Rent expense $3,000 Advertising 4% Depreciation $700 Delivery expense 2% Utilities $500 Sales commissions 3% Insurance $300 5 Income taxes are estimated to be 30% of income from operations Instructions: RIDDER COMPANY Westwood Store Merchandise Purchases Budget For the Months of July and August, 2005 July August Budgeted cost of goods sold Formula Formula Title Formula Formula Title Formula Formula Title Formula Formula Title Formula Formula Computation area as desired Computation area as desired Computation area as desired Computation area as desired RIDDER COMPANY Westwood Store Merchandise Purchases Budget For the Months of July and August, 2005 July August Sales Amount Amount Cost of goods sold
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