Question: Karma Comet Shoppe is a local convenience store with the following information: Click the icon to view the information) Read the resuirements Data Table .
Karma Comet Shoppe is a local convenience store with the following information: Click the icon to view the information) Read the resuirements Data Table . Requirement 1. Prepare the sales budget for November and December Karma Corner Shoppe Sales Budget For the Months of November and December November December Cath sales Credits . October sales were $300.000 Sales are projected to go up by 15% in November (from the October sales) and another 30% in December (from the November sales) and then return to the October level in January 20% of 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 2% transaction foe, and deposit the not amount (sales priceless the transaction foe) in the store's bank account daily Karma Comer Shoppe's gross profit is 30% of its sales revenue For the next several months, the stone wants to maintain an onding merchandise Inventory equal to $12,000 + 10% of the next month's cost of goods sold. The September 30 inventory was $33.000 Expected monthly operating expenses include: Wages of store workers are $9, 100 per month Uulitis expense of $800 in November and $2.400 in December Property tax expense 052,500 per month Property and ability insurance expense of $200 per month Depreciation expense of $4,500 per month Transaction fees, as stated above, are 2% of credit and debit card sales Total Print Done ON Een uit and then click Check A
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