Question $7$ of $19$

Keegan is the inventory purchaser at Northrop Grumman. On October $24$ Keegan paid $$227,500$ for new inventory.

Assets

Liabilities

Stockholders' Equity

Revenues and Expenses $($Income Statement$)$

Net Income

Question $8$ of $19$

Devan is the CFO at AmerisourceBergen. Devan needs to help prepare the company's quartely budget. The budgeting process Devan should follow, begins with formulation of the

Pro forma financial statement

Inventory purchases budget

Sales budget

Selling and administrative budget