Question
Old MathJax webview This for a T-shirt company the Financials should be nominal. All the figures and number should be nominal. To prepare sales budget,
Old MathJax webview
This for a T-shirt company the Financials should be nominal. All the figures and number should be nominal. To prepare sales budget, production budget, direct material budget for the upcoming 5 years. Put the numbers nominal for youth shirts, adult shirts, adult oversize shirts, etc
The information you have to put for a t-shirt company which has a new business and the numbers should be nominal like kids shirt 15. adult shirt 16 and adult oversize shirt 17 for example
Note: The financial information should be taking nominal numbers, I dont have the financial information just to put some nominal numbers.
1. Prepare a sales budget including a column for each year and a column for the total. The budgets should also include a schedule of expected cash collection, by year and in total. Make your assumptions about the type of sales (cash versus credit) and your credit terms clear. 2. Make reasonable assumptions about the safety stock and prepare the production budgets for each of the upcoming five years. You may need to estimate unit sales for the 6th year for this budget. 3. Prepare the direct material budgets for the upcoming five years. The budgets should also include a schedule of expected cash disbursements for purchase of materials, by year and in total. Make your assumptions about the safety stock of materials and the timing of payments clear. 4. Prepare a direct labor budget for each of the upcoming five years. 5. Prepare a manufacturing overhead budget for each of the upcoming five years. 6. Prepare a selling and administrative expense budget for each of the upcoming five years. 7. Prepare a cash budget for each of the upcoming five years. This budget should include the cash receipts section, the cash disbursement section, the cash excess or deficiency section, and the financing section. Make your assumptions about the financing policy clear. 8. Prepare a budgeted income statement for each of the upcoming five years that reflects the budgets you prepared earlier. 9. Prepare a budgeted balance sheet for each of the upcoming five years that reflects the budgets you prepared earlier. 1. Prepare a sales budget including a column for each year and a column for the total. The budgets should also include a schedule of expected cash collection, by year and in total. Make your assumptions about the type of sales (cash versus credit) and your credit terms clear. 2. Make reasonable assumptions about the safety stock and prepare the production budgets for each of the upcoming five years. You may need to estimate unit sales for the 6th year for this budget. 3. Prepare the direct material budgets for the upcoming five years. The budgets should also include a schedule of expected cash disbursements for purchase of materials, by year and in total. Make your assumptions about the safety stock of materials and the timing of payments clear. 4. Prepare a direct labor budget for each of the upcoming five years. 5. Prepare a manufacturing overhead budget for each of the upcoming five years. 6. Prepare a selling and administrative expense budget for each of the upcoming five years. 7. Prepare a cash budget for each of the upcoming five years. This budget should include the cash receipts section, the cash disbursement section, the cash excess or deficiency section, and the financing section. Make your assumptions about the financing policy clear. 8. Prepare a budgeted income statement for each of the upcoming five years that reflects the budgets you prepared earlier. 9. Prepare a budgeted balance sheet for each of the upcoming five years that reflects the budgets you prepared earlierStep by Step Solution
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