Soft Shell Purchases Motorcycle Helmets Which It Custom Paints and Sells

question 114

Essay

Soft Shell purchases motorcycle helmets which it custom paints and sells to motorcycle dealers and repair shops worldwide. Sales are expected to be $3,000,000 in June, $5,000,000 in July $6,000,000 in August and $3,000,000 in September. Soft Shell sets it prices to average 40% gross profit on sales revenue. The company wants to keep a minimum inventory of $500,000 plus 15% of the next month's cost of goods sold.
Required:
Prepare an inventory, purchases, and cost of goods sold budget for the months of July, and August.

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Definitions:

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc.

Empowerment Skills

Abilities and competencies that enable individuals to gain control over their lives, including decision-making, problem-solving, and self-management.

Egalitarian People

Individuals who believe in the principle of equality, advocating for equal rights and opportunities for all.

Encouraging Behavior

Actions or words that promote confidence, motivation, or support in others, often aimed at fostering personal growth or overcoming challenges.