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Once you have completed the budget, determine the following balances. On the template, make sure you link your answer to the appropriate cell. Failure to
Once you have completed the budget, determine the following balances. On the template, make sure you link your answer to the appropriate cell. Failure to link to the appropriate cell will result in zero credit for that answer. Failure to complete this part of the assignment will result in a ZERO for the entire assignment, regardless if you completed the six budgets.
- Total Cash Receipts for September and October
- Total Inventory Purchases for September and October
- Total Cash Payments for Inventory Purchases for September and October
- Total Variable Selling & Administrative Costs for September and October
- Total Fixed Selling & Administrative Costs for September and October
- Total Cash Payments (S&A) for September and October
- Total Cash Surplus (Deficit) for September and October
- Total New Borrowing (Repayments) for September and October
- The Contribution Margin for September and October
- Total Interest Expense for September and October
- Pre-tax Income for September and October
- Income tax expense for September and October
- Ending Balance of Accounts Receivable for September and October
- Ending Balance of Inventory for September and October
- Ending Balance of Prepaid Insurance for September and October
- Ending Balance of Accumulated Depreciation for September and October
- Ending Balance of Accounts Payable for September and October
- Ending Balance of Commissions Payable for September and October
- Ending Balance of Long-Term Debt for September and October
- Ending Balance of Retained Earnings for September and October
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