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Required Prepare an incremental cash budget for 2014. assuming the planned total budget increase is 25 percent. Budget details include a budget increment for salaries
Required Prepare an incremental cash budget for 2014. assuming the planned total budget increase is 25 percent. Budget details include a budget increment for salaries and wages of 4 percent, no change in rent, and 2 percent increases in the budget for supplies and miscellaneous. Utility companies have received approvals for rate increases amounting to 4 percent and insurance company have announced an increase in premiums of 6 percent Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2014 are as follows: Beginning inventory for 2014 is 30,000 units. The budgeted inventory at the end of a months is 40 percent of units to be sold the following month. Purchase price per unit is $5. Required Prepare a purchases budget in units and dollars for each month, January through May Cash Budget Wilson's Retail Company is planning a cash budget for the next three months. Estimated sales revenue is as follows
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