$1.$ Cost$-$volume$-$profit $($CVP$)$ analyses: Calculate and perform the following CVP analyses.$$ Use the total numbers from the first $3$ months $($i$.$e$.,$ the total numbers for her first quarter of operations$).$

A$.$ Calculate the following CVP model variables for Brittney$$s Boutique

i$.$ Total Variable Cost Percentage $($Hint: Credit Card Processing Fee is a variable cost$).$

ii$.$ Total Contribution Margin Percentage

iii.$$ Total Fixed Cost Dollars

B$.$ Calculate the following:

i$.$ Break$-$even point in sales dollars for the first quarter.$$

ii$.$ Margin of safety in sales dollars for the first quarter.$$

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$2.$ Cash Collections budget:

A$.$ Prepare a schedule of cash collections for each month from November$-$January and the total for her first quarter of operations.

B$.$ What is the Accounts Receivable Balance as of January $31$st$?$

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$3.$ Inventory Purchases budget: Prepare an inventory purchases budget for each month from November$-$January and the total for her first quarter of operations.

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$4.$ Cash Disbursements budget:

A$.$ Prepare a cash payments $($or disbursements$)$ budget for inventory purchases for November$-$January and the total for her first quarter of operations.

B$.$ What is the Accounts Payable Balance as of January $31$st$?$

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$5.$ Cash budget: Prepare an overall cash budget $($not a Statement of Cash Flows$)$ for November$-$January and the total for her first quarter of operations. Hint: Depreciation & Amortization are non$-$cash expenses, so they won$$t be on this budget.$$ Check figure: Nov. Ending Cash Balance: $$4539\mathrm{.}94$ or $$4674\mathrm{.}94$ depending on how you accounted for the credit card processing fee. Requirement $1$ Calculation Notes:

$\backslash (\{\}^\{\backslash$text $\{$a $\}\}\backslash )$ Credit Card Processing Fee Expense $=($Gross Sales $*$ Credit Card Sales $\backslash \%)*$ Credit Card Processing Fee $\backslash \%$

Current month's Gross Sales

$*$ Credit Sales Percentage

Current month's Gross Credit Sales

$*$ Credit Card Processing Fee $\backslash \%$

Credit Card Processing Fee Expense

$\backslash (\{\}^\{\backslash$text $\{$b $\}\}\backslash )$ Cost of Goods Sold $\backslash (=\backslash )$ Gross Sales $*$ Cost of Goods Sold Percentage

$\backslash (\{\}^\{\backslash$text $\{$c $\}\}\backslash )$ Depreciation Expense $\backslash (=\backslash )($Cost $/$ Useful Life$)/12$ months