Prepare a master budget for the three months ending June 3 0 , 2 0 2 4
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Question:
Prepare a master budget for the three months ending June Include the following budget
schedules and financial statements:
Sales Budget by month and total for the quarter
Schedule of expected cash collections from sales, by month and total
Merchandise purchases budget in units and in dollars, by month and total
Schedule of expected cash disbursements for merchandise purchases, by month and total
Cash Budget, by month and total
Prepare a budgeted Income Statement for the three months ending June Use the
contribution approach.
Prepare a budgeted Balance Sheet as of Jun
Your new manager has asked for your explanation about your experience in preparing this
budget. She specifically wants to know your thoughts on the value of all this work and
whether the benefits from the work are worth the effort. Prepare a memo with a heading no
longer than pages, describing your experience from this exercise and your thoughts on the
value of having a Master Budget.
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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