OPTIMA, INC. Additional information: Optima Company Selling and Administrative Expenses Budget for the year ending December 31, 2020 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Total 2 Points Budgeted Sales (Units) Variable Rate Variable expenses Fixed expenses Total expenses Optima Company Budgeted Cost Per Unit for the year ending December 31, 2020 Unit Cost Budgeted Manufacturing Costs: Direct Materials Direct Labor Overhead: Variable Fixed Total Unit Costs Optima Company Cost of Goods Sold Budget for the year ending December 31, 2020 Budgeted Sales (Units) Budgeted Manufacturing Costs per unit Budgeted Cost of Goods Sold Optima Company Cash Budget for the year ending December 31, 2020 Budgeted Cash Receipts Budgeted Sales Revenue Cash Collections Credit Collections (Current Month) Credit Collections (Following Month) Budgeted Cash Receipts Budgeted Cash Disbursements Budgeted Raw Materials Purchases Raw Materials Payments (Current Month) Raw Materials Payments (Following Month) Direct Labor Manufacturing Overhead less: Depreciation Selling and Administrative Expenses less: Depreciation Equipment Purchases Dividend Payments Budgeted Annual Cash Flow Beginning Cash Balance Plus: Cash Receipts Less: Cash Payments Preliminary Cash Balance Cash Borrowed / Repaid Ending Cash Balance Optima Company Cash Budget for the year ending December 31, 2020 Budgeted Cash Receipts Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Cash Collections Credit Collections (Current Month) Credit Collections (Following Month) Budgeted Cash Receipts \begin{tabular}{llllllll} Budgeted Cash Disbursements & Qtr. 1 & Qtr. 2 & Qtr. 3 & Qtr. 4 & Total \\ \cline { 2 - 5 } \end{tabular} Budgeted Raw Materials Purchases Raw Materials Payments (Current Month) Raw Materials Payments (Following Month) Direct Labor Manufacturing Overhead less: Depreciation Selling and Administrative Expenses less: Depreciation Equipment Purchases Dividend Payments Budgeted Annual Cash Flow Beginning Cash Balance Plus: Cash Receipts Less: Cash Payments Preliminary Cash Balance Cash Borrowed / Repaid Ending Cash Balance Optima Company Income Statement for the year ending December 31, 2020 Sales Less: COGS Gross margin Less: S\&A Expenses Income before taxes Optima Company Retained Earnings Statement for the year ending December 31, 2020 Beginning Retained Earnings 2 Points Add: Net Income(Loss) Deduct Dividends Ending Retained Earnings Optima Company Balance Sheet Decmeber 31, 2020 \begin{tabular}{lll|l|} \hline 150 & \multicolumn{1}{|c|}{ Assets } & \multicolumn{1}{l|}{ Liabilities and Stockholders Equity } \\ \hline 151 & Cash & Accounts Payable \\ \hline 152 & Accounts Receivable & Line of Credit Payable \\ \hline 153 & Finished Goods Inventory & Capital Stock \\ \hline 154 & Direct Materials Inventory & Retained Earnings \\ \hline 155 & Plant, Property, and Equipment & \\ \hline 156 & Total Assets & Total Liabilities \& Stockholders' E \\ \hline \end{tabular}