Question: Explain the steps a company will go through to complete a budget process. (Hint: We start with SALES FORECASTS). a) Complete the sales budget, including

Explain the steps a company will go through to complete a budget process. (Hint: We start with SALES FORECASTS). a) Complete the sales budget, including a separate section that details the type of sales made (Cash/Credit). The selling price is $14. Use the following information: Month Expected Unit Sales January 100,000 February 110,000 March 115,000 b) Prepare the 2nd step of the budget process presuming the company would like to maintain an ending stock of finished pillows equal to 20% of the next months sales. Sales in units are the same as in a) above. April has a projected unit sales figure of 120,000 units.

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