CHECK FIGURE (2) (3) 13; L03 - CC14, 15] June ending cash balance: $10,730; Net income: $151,880 u have just been hired as a managem

ent trainee by Cosmos Sales Company, a n= mpany has an exclusive franchise on the distribution of the ties, and sales have come necessary to add new members to the management team. You have been g t assignment is to prepare a master budget

for the next three months, starting pression on the president and have assembled the information below. e company desires a minimum ending cash balance each month of $10,000. Th casted sales in units are as follows: uary (actual) -ruary (actual) ch (actual) panna

(DELL)

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20,000 24,000 28,000 35,000 45,000 60,000 40,000 36,000 32,000 r's Day. Ending inventories are supposed to equal 90% of the next CFE and the remaining 50% in the following month. All sales are on credit, found, however, that only 25% of a month's sales are collected by month- the remaining 25% are collected in the second month following sale. given below: Page 328 20,000 24,000 28,000 35,000 45,000 60,000 40,000 36,000 32,000 r's Day. Ending inventories are supposed to equal 90% of the next CFE and the remaining 50% in the following month. All sales are on credit, found, however, that only 25% of a month's sales are collected by month- the remaining 25% are collected in the second month following sale. given below: Page 328