de Compoya mexandising company, prepares i master budget an a quarta The following te bewe bessented to main pretio of the master budget for 99 300 - act in the end of the prior games, the company is beliance she Actors Bugs and met Accounts Pay Red Eags May Sales are 20for cash and Socie. All you need is the mot following the accounts receive March 31 March The cross profits of sales Monthly expenses are budited as follows S 5 Wages Shipping Advertising Other expenses Depreciation, including depreciation on new assets acquired during the quarter will be 56.300 for the quartier At the end of each month, inventory is to be on hand equal to 30% of the following month's cost of goods sold s. Half of month's inventory purchases are paid for in the month of purchase and half in the following month h. Equipment purchase during the quarter will be as follows: April, 511.500, and May. 53.500 i. Dividends totaling $3.500 will be declared and paid in June. j. The company must maintain a minimum cash balance of $8.000. An open line of credit is available at a local bank. All borrowing is done at the beginning of a month and all repayments are made at the end of a month. Borrowings and repayments of principal must be in multiples $1,000. Interest is paid only at the time of payment of principal. The annual interest rate is 192 (Figure interest on whole months.) 8 de Compoya mexandising company, prepares i master budget an a quarta The following te bewe bessented to main pretio of the master budget for 99 300 - act in the end of the prior games, the company is beliance she Actors Bugs and met Accounts Pay Red Eags May Sales are 20for cash and Socie. All you need is the mot following the accounts receive March 31 March The cross profits of sales Monthly expenses are budited as follows S 5 Wages Shipping Advertising Other expenses Depreciation, including depreciation on new assets acquired during the quarter will be 56.300 for the quartier At the end of each month, inventory is to be on hand equal to 30% of the following month's cost of goods sold s. Half of month's inventory purchases are paid for in the month of purchase and half in the following month h. Equipment purchase during the quarter will be as follows: April, 511.500, and May. 53.500 i. Dividends totaling $3.500 will be declared and paid in June. j. The company must maintain a minimum cash balance of $8.000. An open line of credit is available at a local bank. All borrowing is done at the beginning of a month and all repayments are made at the end of a month. Borrowings and repayments of principal must be in multiples $1,000. Interest is paid only at the time of payment of principal. The annual interest rate is 192 (Figure interest on whole months.) 8
