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m Course: BUS 335 - PBS- FALL 202 x T Wk4 DQ1 X m CLA 1 Turn it in X Course Hero X YouTube X + X C a gap.westcliff.edu/mod/turnitintooltwo/view.php?id=433945 G A : arena he camera with your face . No caing while you are on camera in study hall, as it may be distin . Find a quiet place without distractions 1. Picanuy Corporation has collected the following information to prepare master budget. Click here for Zoom Tutorial Balance sheet on January 1, 2015 Helpful Tips for Online Class Liability and Capital $ Assets $ Success Equity 150,000 Equipment 20,000 HELPFUL TIPS FOR ONLINE CLASS SUCCESS 3 7 10% Debenture 20,000 Merchandise Inventory 100,000 2 A 6 Tax Payable 20,000 Accounts Receivable ATTESTUSE W Retained Earnings 26,000 November $16,000 December $60,000 76,000 i Get The Research Cash 20,000 Discover 20 million free-to-read scholarly Total 216,000 Total 216,000 papers, and understand them with our Al- powered Explanation Engine. Please click HERE to sign up to get early Merchandise sales budget access. Particulars/ Months January February March April Sales revenue($) 200,000 300,000 350,000 300,000 Navigation Home ? Help Dashboard pema W 8:32 PM 9/25/2020m Course: BUS 335 - PBS- FALL 202 x m Wk4 DQ1 X m CLA 1 Turn it in X Course Hero X YouTube X + X C a gap.westcliff.edu/mod/turnitintooltwo/view.php?id=433945 G A access. Particulars/ Months January February March April Sales revenue($) 200,000 300,000 350,000 300,000 Navigation Home Sales would be 20% in cash and 80% on credit. Credit would be realizing 50% in the month of sales. 30% in the next month; 16% in next two months after date of sales and Dashboard bad debts would be 4%. All expenses including purchase would be paid in the same month of expenses and purchase. Gross profit margin would be 50% on sales and Westcliff GAP (Global Academic Portal) My courses administrative and distribution expenses would be 10% of gross sales. Bachelor of Business (BBA) BUS 315 Introduction to Business Sufficient merchandise inventory would be maintained to meet next month's sales needs. The company desires to have a minimum cash balance of $20,000. The 10% Writing debenture would retire on January 1st and payable at premium of 10%. Government policy required to pay tax on income semiannually, e.g., in the month ending of March BUS 325 Introduction to Leadership BUS 330 Principles of Marketing $15,000 and on the same date acquire a new equipment of $50,000. Applied rate of depreciation is 20% reducing balance method. BUS 340 Introduction to Information System A line of credit in a multiple of $10,000 at an interest rate of 12% would be available to meet cash shortage and repayment would be in $1,000 with the interest on principal BUS 335 Principles of Managerial Accounting repaid. BUS 335 - PBS- FALL 2020 - Session 1 - Professor B... Required: Participants Badges 1. "Main objective of the master budget is to coordinate activities of the organization." Justify the statement. A Competencies 2. Merchandise purchase budget for three month ending march Grades 3. Cash budget for three month ending march General 4. Income statement for three month ending march Before Your Course Begins 5. Balance sheet as of March Supplementary Course Materials August 31 - September 6 *Please refer to the Grading Criteria for Comprehensive Learning Assessments (CLAs) in the University Policies for specific guidelines and expectations. September 7 - September 13 September 14 - September 20 September 21 - Septemb Refresh Submissions Mid Course Evaluation ? Help pema W 8:32 PM 9/25/2020