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T-Shirt company

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.

the financial you can take any figures for the five years. We have to give nominal figures. that upto you.