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Required: 1. Determine the number of units that Badlands sold in December 20x0. 2. Compute the sales revenue for March 20x1. 3. Compute the total
Required: 1. Determine the number of units that Badlands sold in December 20x0. 2. Compute the sales revenue for March 20x1. 3. Compute the total sales revenue to be reported on Badlands' budgeted income statement for the first quarter of 20x1. 4. Determine the accounts receivable balance to be reported on the March 31, 20x1, budgeted balance sheet. 5. Calculate the number of units in the December 31, 20x0, finished-goods inventory. 6. Calculate the number of units of finished goods to be manufactured in January 20x1. 7. Calculate the financing required in January, if any, to maintain the firm's minimum cash balance. units 1. December sales 2. March sales revenue 3. First quarter sales revenue 4. March 31 accounts receivable balance 5. December 31 finished-goods inventory 6. Finished goods to be manufactured in January 7. Financing required in January units units Required: 1. Determine the number of units that Badlands sold in December 20x0. 2. Compute the sales revenue for March 20x1. 3. Compute the total sales revenue to be reported on Badlands' budgeted income statement for the first quarter of 20x1. 4. Determine the accounts receivable balance to be reported on the March 31, 20x1, budgeted balance sheet. 5. Calculate the number of units in the December 31, 20x0, finished-goods inventory. 6. Calculate the number of units of finished goods to be manufactured in January 20x1. 7. Calculate the financing required in January, if any, to maintain the firm's minimum cash balance. units 1. December sales 2. March sales revenue 3. First quarter sales revenue 4. March 31 accounts receivable balance 5. December 31 finished-goods inventory 6. Finished goods to be manufactured in January 7. Financing required in January units units
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