Sales for the month were $650,000, 85% of sales were on account. Gross margin is 40% of sales.

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1. Sales for the month were $650,000, 85% of sales were on account. Gross margin is 40% of sales.
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3. Budgeted sales for the month of April are shown in the following table: SalesAprilMayJuneCash Sales $1,050 Sales on Account
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4. 1.A store has fixed costs of 80,000 and an avarage gross margin of 26%. Variable expenses are estimated to be 6% of sales.a.calc
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