Purchases Budget Tiger Drug Store carries a variety of health and beauty aids, including 500-count bottles of vitamins. The sales budget for vitamins for the first six months of the year is presented below.   Unit Sales Dollar Sales January 200         $1,800         February 190         1,710         March 210         1,890         April 220         1,980         May 240         2,160         June 230         2,070         The owner of Tiger Drug believes that ending inventories should be sufficient to cover 10 percent of the next month’s projected sales. On January 1, 24 bottles of vitamins were in inventory. Required: Question Content Area 1. Prepare a merchandise purchases budget in bottles of vitamins for as many months as you can.  Tiger Drug StoreMerchandise Purchases Budget   January February March April May Unit sales fill in the blank fe8290f72fd6f81_1 fill in the blank fe8290f72fd6f81_2 fill in the blank fe8290f72fd6f81_3 fill in the blank fe8290f72fd6f81_4 fill in the blank fe8290f72fd6f81_5 Desired EI fill in the blank fe8290f72fd6f81_6 fill in the blank fe8290f72fd6f81_7 fill in the blank fe8290f72fd6f81_8 fill in the blank fe8290f72fd6f81_9 fill in the blank fe8290f72fd6f81_10 Total needed fill in the blank fe8290f72fd6f81_11 fill in the blank fe8290f72fd6f81_12 fill in the blank fe8290f72fd6f81_13 fill in the blank fe8290f72fd6f81_14 fill in the blank fe8290f72fd6f81_15 Less: BI fill in the blank fe8290f72fd6f81_16 fill in the blank fe8290f72fd6f81_17 fill in the blank fe8290f72fd6f81_18 fill in the blank fe8290f72fd6f81_19 fill in the blank fe8290f72fd6f81_20 Unit purchases fill in the blank fe8290f72fd6f81_21 fill in the blank fe8290f72fd6f81_22 fill in the blank fe8290f72fd6f81_23 fill in the blank fe8290f72fd6f81_24 fill in the blank fe8290f72fd6f81_25   Question Content Area 2. If vitamins are priced at cost plus 80 percent, what is the dollar cost of purchases for each month of your purchases budget? January $fill in the blank 6b5568076058fe0_1 February   fill in the blank 6b5568076058fe0_2 March   fill in the blank 6b5568076058fe0_3 April   fill in the blank 6b5568076058fe0_4 May   fill in the blank 6b5568076058fe0_5

Q: Purchases budget Each gallon of Old Guard, a popular aftershave lotion, requires  6 ounces of ocean…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: Actual sales for August and September are as follows:     August   September Cash sales   $6,000…

A: The question is based on the concept of Cost Accounting. A cash budget is designed to determine the…

Q: Hardy Company reports budgeted merchandise purchases below. For those purchases, 30% of a month's…

A: Purchase budget :— This budget is prepared to estimate the number and cost of materials to be…

Q: Cash Budget

A: A budget is a statement containing an estimate of future expenses and income. A budget helps us to…

Q: Vernon Company sells lamps and other lighting fixtures. The purchasing department manager prepared…

A: It is given in the question that ending inventory is 15 % of the following months of cost of goods…

Q: Preparing a Direct Materials Purchases Budget Patrick Inc. makes industrial solvents sold in…

A: First, we need to calculate the ending inventory of chemicals for each month. The ending inventory…

Q: Tiger Drug Store carries a variety of health and beauty aids, includi Unit Sales Dollar Sales…

A: Purchase budget is the budget prepared at the beginning of the period that shows the inventory…

Q: Adriana's Ski Shop reported the following information for 2021: October November December January…

A: Budgeted Purchase/order = Budgeted sales + Desired ending inventory - Beginning inventory

Q: Feeney Furniture prepared the following sales budget Cash Sales Month March April May June $20,000…

A: Cash received in the month is the sum total of cash sales in that month and cash collection from…

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: The cash receipts means the amount of money collected by the entity from sales of either previous or…

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: Cash collection budget :- This budget is prepared to estimate the collection of sales from customers…

Q: roduction Budget and Direct Materials Purchases Budgets Peanut Land Inc. produces all-natural…

A: Production budget which shows the production needs on the company on the basis of sales units and…

Q: Al hedaya sells seating chairs. On June 30, there were 150 chairs in ending inventory, and accounts…

A: Budget is the estimation of revenue and expense prior to start the operation. To manage the working…

Q: Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams…

A: Direct materials are those materials and supplies used during the manufacturing process of a…

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: A Cash Budget depicts the cash receipts and cash payments for the period. It helps the company to…

Q: Purchases Budget Tiger Drug Store carries a variety of health and beauty aids, including 500-count…

A: The number of units required to be purchased will be equal to Desired ending inventory Add number of…

Q: Walker Company prepares monthly budgets. Company policy is to end each month with merchandise…

A: The budget is prepared to estimate the requirements for the future periods. The Purchase Budget is…

Q: View Policies Current Attempt in Progress At the beginning of the year, Ivanhoe had beginning…

A: The Sales budget is used to estimate the units to be sold by a business entity in a particular time…

Q: Cash Budget Janet Wooster owns a retail store that sells new and used sporting equipment. Janet has…

A: Cash Budget A cash budget is a budget prepared to estimate the expected payments and receipts of…

Q: Justin Company's budget includes the following credit sales for the current year: September,…

A: A cash budget is a financial tool that helps individuals or businesses manage their cash flow…

Q: asper Company has 57% of its sales on credit and 43% for cash. All credit sales are collected in…

A: The budget is prepared to estimate the requirements for the future period. The cash collection…

Q: Timpco, a retailer, makes both cash and credit sales (i.e., sales on open account). Information…

A: Budget is the estimation of revenue and expense prior to start the operation. To manage the working…

Q: Direct Materials Purchases Budget Langer Company produces plastic items, including plastic housings…

A: The production budget is prepared by the management to find out the units to be produced. It can be…

Q: Marlene Doll Co. has budgeted sales of its dolls over the 3rd quarter as follows: Sales in Units…

A: The production budget is prepared to estimate the number of units to be produced during the period.…

Q: Walton Company sells lamps and other lighting fixtures. The purchasing department manager prepared…

A: A financial plan that reports the total estimated costs or units of item inventory that are expected…

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: Lets understand the basics. Management prepares budget in order to estimate the future profit and…

Q: Purchases Budget Tiger Drug Store carries a variety of health and beauty aids, including…

A:

Q: None

A: A cash collection budget is an estimate of the cash receipt of a business over a specific period of…

Q: Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch…

A: CASH BUDGET Cash Budget is a detailed budget of cash income and cash expenditure incorporating both…

Q: Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of…

A: Production budget is the pre estimation of the production requirements of the products for a given…

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: The cash collection schedule is prepared to estimate the cash collection from the customers during…

Q: X-Tel budgets sales of $65,000 for April, $115,000 for May, and $85,000 for June. Sales are 50% cash…

A: Budgeting -Budgeting is important technique to estimate the later periods sales, cash collections,…

Q: 2. Prepare a direct materials purchases budget for jars for the months of January and February.…

A: Lets understand the basics. Management prepare budget in order to estimate future profit and loss…

Q: Calculate the merchandise purchases budget in units of ankle braces for May.

A:

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: Cash collection budget :— This budget is prepared to estimate the collection of accounts receivable…

Q: Direct materials purchases budget for bladder and valve: FlashKick Company Direct Materials…

A: Budget is the forecasts made for future period of time. Production budget shows estimated units to…

Q: Mountainview Sporting Goods has the following sales budget: (Click the icon to view the sales…

A: Sales budget is the statement which is prepared by the entity for the purpose of determining the…

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: Cash collection schedule is an important part required in the preparation of cash budget. Cash…

Q: Sound Effects Audio Systems sells and installs car stereo systems. Managers need to prepare an…

A: Budgeting is the process of estimating future operations based on past performance. % are estimated…

Q: Susan Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $504,000 for…

A: The purchase budget is prepared to estimate the cost of units to be purchased during the period. The…

Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…

A: The cash receipts means the amount of money collected by the entity from sales of either previous or…

Q: Jordan Company sells lamps and other lighting fixtures. The purchasing department manager prepared…

A: The budget is prepared to estimate the requirements for the future period. The cost of goods sold…

Q: Langer Company produces plastic items, including plastic housings for humidifiers. Each housing…

A: Ending inventory for the month of september is calculated by multiplying the required ending…

Q: Direct materials purchases budget for glue: FlashKick Company Direct Materials Purchases Budget -…

A: Direct material purchase budget shows estimated amount of direct materials to be purchased in order…

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.