Please help fill in the cells for steps 4, 5, and 6.
Budget Assumption | ||
First month's Sales in units | 10000 | |
Sales Growth per Month | 250 units | |
Sales Price per unit | $12.00 | |
Gross Margin* | $60,000 | |
Commission** | $12,000 | |
Ending Inventory*** | 6,150 units | |
Minimum Cash Balance | $20,000 | |
Interest Rate | 12% | |
Collections | Payments | |
Month 1 | 25% | 60% |
Month 2 | 50% | 40% |
Month 3 | 25% |
*Gross Margin = 50% of Sales
= 50% of ($12 * 10,000 units)
= $60,000.
**Commission = 10% of Sales
= 10% of $120,000
= $12,000.
***Ending Inventory = 60% of Expected Sales next month
Expected Sales Next month = 10,000 + 250 units
= 10,250 units.
Ending Inventory = 10,250 * 60% = $6,150.
Please help fill in the cells for steps 4, 5, and 6. Step 4 of 34...
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