Dollar Saver Store is a local discount store with the following information:

$($Click the icon to view the information.$)$

Read the requirements.

$\backslash$table$[[$Purchases of inventory, $30$ day lag,$],[$Cash payments for wages,$],[$Cash payments for utilities,$],[$Cash payments for property taxes,$],[$Cash payments for dividends,$],[$Property and liability insurance,$],[$Total payments for operating expenses,$]]$

Data table

October sales are projected to be $$390,000.$

Sales are projected to increase by $10\%$ in November and another $25\%$ in December and then return to the October level in January.

$20\%$ of sales are made in cash while the remaining $80\%$ are paid by credit or debit cards. The credit card companies and banks $($debit card issuers$)$ charge a $1\%$ transaction fee, and deposit the net amount $($sales price less the transaction fee$)$ in the store's bank account daily. The store does not accept checks. Because of the payment mechanisms, there is no risk of non$-$payment or bad$-$debts.

The store's gross profit is $40\%$ of its sales revenue.

For the next several months, the store wants to maintain an ending merchandise inventory equal to $$16,000$ plus $10\%$ of the next month's cost of goods sold. All purchases for merchandise are made on account and paid in the month following the purchase. The September $30$ inventory is expected to be $$39,400.$

Requirement $7.$ Prepare the combined cash budget for November and December financing payments.$)$

Review the cash collections and cash payments budgets prepared in Requiremen

Dollar Saver

Combined Cash Budget

For the Months of November and December

The company wants to maintain a cash balance of at least $$15,000$ at the end of every month. The company has arranged a line of credit with a local bank at $3\%$ interest rate. There is no outstanding debt as of october $31.$ PLEASE HELP WITH REQUIRMENT $6$ WHAT IS THE PURCHASE OF INVENTORY $30$ DAY LAG?!?! COMPLETE THE CHART PLEASE FOR REQUIRMENT $6$AND$7!!!$