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Florence Flowers Unlimited is developing its Budgeted Balance Sheet to help it plan for the upcoming year. In setting up their Assets section, they find

Florence Flowers Unlimited is developing its Budgeted Balance Sheet to help it plan for the upcoming year. In setting up their Assets section, they find the following information: Raw Materials Inventory $6,700, Property/Plant and Equipment is $200,000, Accumulated Depreciation is $50,000, Cash is $450,000, and Accounts Receivable is $89,000.

What are Florence Flowers’ Total Assets on its Budgeted Balance Sheet?

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