Weller Company's budgeted unit sales for the upcoming fiscal year are provided below Budgeted unit sales 1st Quarter 20,000 and Quarter 26,000 3rd Quarter 4th Quarter 19,000 18,000 The company's vanable selling and administrative expense per unit is $1.90. Fixed selling and administrative expenses include advertising expenses of $13,000 per quarter, executive salaries of $38,000 per quarter, and depreciation of $19,000 per quarter. In addition, the company will make Insurance payments of $4.000 in the first quarter and $4.000 in the third quarter. Finally, property taxes of $7,200 will be paid in the second quarter Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year (Round "Per Unit" answers to 2 decimal places.) Year Weller Company Selling and Administrative Expense Budget 1st Quarter 2nd Quarter Sed Quarter 4th Quarter Budgeted unit sales Variable selling and administrative expense per un Variable selling and administrative expense Foed selling and administrative expenses Total fixed selling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses Garden Depot is a retaller that is preparing its budget for the upcoming fiscal year Management has prepared the following summary of its budgeted cash flows Total cash receipts Total cash disbursements 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter $ 350,00 5 470,000 $400,000 5.420,000 $ 393,000 5 363,000 5 353,000 5.373,000 The company's beginning cash balance for the upcoming fiscal year will be $20.000 The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3% The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quorter Interest payments are due on any principal at the time it is repard For simplicity, assume that interest is not compounded Required: Prepare the company's cash budget for the upcoming fiscal year (Cash deficiency, repayments and interest should be indicated by a minus sign.) Year Garden Depot Cash Budget tot Quarter and Quarter Bird Quarter 4th Quarter Beginning cash balance Total cash receipts Tatal cash available 0 0 0 0 Total cash disbursements Excess (deficiency of cash available over disbursements 0 0 0 Financing Borrowings Repayments Interest Total Tinancing 0 0 Ending cash balance 5 os 0 $ 05 0 The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year. Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Comon stock Retained earnings Ending Balances > $ 9,300 $3,000 $ 40,000 $ 16,200 $3,000 5 5,000 The beginning balance of retained earnings was $29.000, net income is budgeted to be $19.000, and dividends are budgeted to be 55,600 Required: Prepare the company's budgeted balance sheet (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet Assets Current assets $ 0 Total current assets Plant and equipment Plant and equipment nel Total assets Liabilities and Stockholders' Equity Current liabilities 0 0 5 Stockholders' equity Total stockholders equity Totalities and stockholders equity 0 0
