This Tutorial contains following Attachments:
- ACCT 505 - Week 5 - Measuring Performance Course - Project A.xlsx
ACCT 505 Week 5 Measuring Performance - Course Project A
Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets:
a. A sales budget, by month and in total.
b. A schedule of expected cash collections from sales, by month and in total.
c. A merchandise purchases budget in units and in dollars. Show the budget by month and in total.
d. A schedule of expected cash disbursements for merchandise purchases, by month and in total.
· 2. A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $50,000.
· 3. A budgeted income statement for the three-month period ending June 30. Use the contribution approach.
· 4. A budgeted balance sheet as of June 30.
Write a reviewYour Name:
Your Review: Note: HTML is not translated!
A B C D F
Enter the code in the box below: