At March 31 Streuling Enterprises, a merchandising firm, had an inventory of 39,000 units, and it...

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At March 31 Streuling Enterprises, a merchandising firm, had an inventory of 39,000 units, and it had accounts receivable totaling $86,000. Sales, in units, have been budgeted as follows for the next four months: April May June 60,800 76,000 91,200 July 82,400 Streuling's board of directors has established a policy to commence in April that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales. The selling price is $4.0 per unit. One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month. Required: a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. b. Prepare a schedule of expected cash collections for each of the months April, May, and June. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, Note: Do not round your intermediate calculations. Round your final answers to the nearest whole number. and June. April May June Required: a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. b. Prepare a schedule of expected cash collections for each of the months April, May, and June. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole number. April May June Budgeted unit sales Total needs Total disbursements Required A Required B > Required: a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. b. Prepare a schedule of expected cash collections for each of the months April, May, and June. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of expected cash collections for each of the months April, May, and June. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollars. Budgeted sales Beginning accounts receivable April sales May sales June sales Total cash collections April May June At March 31 Streuling Enterprises, a merchandising firm, had an inventory of 39,000 units, and it had accounts receivable totaling $86,000. Sales, in units, have been budgeted as follows for the next four months: April May June 60,800 76,000 91,200 July 82,400 Streuling's board of directors has established a policy to commence in April that the inventory at the end of each month should contain 40% of the units required for the following month's budgeted sales. The selling price is $4.0 per unit. One-third of sales are paid for by customers in the month of the sale, the balance is collected in the following month. Required: a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. b. Prepare a schedule of expected cash collections for each of the months April, May, and June. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, Note: Do not round your intermediate calculations. Round your final answers to the nearest whole number. and June. April May June Required: a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. b. Prepare a schedule of expected cash collections for each of the months April, May, and June. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole number. April May June Budgeted unit sales Total needs Total disbursements Required A Required B > Required: a. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. b. Prepare a schedule of expected cash collections for each of the months April, May, and June. Complete this question by entering your answers in the tabs below. Required A Required B Prepare a schedule of expected cash collections for each of the months April, May, and June. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole dollars. Budgeted sales Beginning accounts receivable April sales May sales June sales Total cash collections April May June