Intro to Managerial Accounting 7th Edition:

Ch. 7 Case (P. 344-346, 1-4)

CMA, adapted) CASE [LO7-2, LO7-4, LO7-8, L07-9, LO7-IO] You have just been hired as a new management trainee by Earrings Unlimited, a distributor of various retail outlets located in shopping malls across the country. In the past, the company has little in the way of budgeting and at certain times of the year has experienced a shortage of cash,on veny Since you are well trained in budgeting, you have decided to prepare comprehensive budgets fou upcoming second quarter in order to show management the benefits that can be gained om ano e budgeting program. To this end, you have worked with accounting and other areas to gather the int informa tion assembled below