The following information pertains to the April 2023 operating budget for Blu Corporation, a retailer: Budgeted sales are $430,000 for April Cost of goods sold average 55% of sales Merchandise purchases total $299,000 in April Marketing costs are $15,000 each month Distribution costs are $32, 200 each month Administrative costs are $26, 200 each month Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. a) What is the budgeted gross margin in April? Budgeted Sales $Answer Cost of goods sold $Answer Budgeted gross margin $Answer b) What is the budgeted amount for non - manufacturing costs in April? Total non - manufacturing costs: $Answer c) What is the budgeted net income in April? Budgeted net income: $Answer

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:   Sales are budgeted at $460,000 for November, $440,000 for December, and $430,000 for January. Collections are expected to be 45% in the month of sale and 55% in the month following the sale. The cost of goods sold is 80% of sales. The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $25,200. Monthly depreciation is $16,200. Ignore taxes.   Balance SheetOctober 31 Assets     Cash $ 20,000 Accounts receivable   70,000 Merchandise inventory   153,000 Property, plant and equipment, net of $572,000 accumulated depreciation   1,094,000 Total assets $ 1,337,000       Liabilities and Stockholders' Equity     Accounts payable $ 254,000 Common stock   820,000 Retained earnings…

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Timpco, a retailer, makes both cash and credit sales (i.e., sales on open account). Information regarding budgeted sales for the last quarter of the year is as follows:   October November December Cash sales $ 80,000 $ 71,000 $ 83,000 Credit sales 80,000 85,200 91,300 Total $ 160,000 $ 156,200 $ 174,300 Past experience shows that 5% of credit sales are uncollectible. Of the credit sales that are collectible, 60% are collected in the month of sale; the remaining 40% are collected in the month following the month of sale. Customers are granted a 1.5% discount for payment within 10 days of billing. Approximately 75% of collectible credit sales take advantage of the cash discount. Inventory purchases each month are 100% of the cost of the following month’s projected sales. (The gross profit rate for Timpco is approximately 30%.) All merchandise purchases are made on credit, with 20% paid in the month of purchase and the remainder paid in the following month. No cash discounts…