Question: Baum Bookstore is a tradition at State University The store

Baum Bookstore is a tradition at State University. The store has served students and faculty for more than 50 years and is still regarded as the premier bookstore in the area. Baum Bookstore’s sales budget shows the following projections (i.e., the number of units in each category) for the period ending May 31, 2010:

The average sales price of each of the various items is as follows: books, $70; school supplies, $20; software, $90; and miscellaneous, $15. Because the store sells primarily to students and faculty, there are no credit sales.

Prepare a cash receipts budget by item category for eachmonth.

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  • CreatedMarch 11, 2015
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