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Selling & Administrative Expense Budget 2020 October November December QUARTER Unit Sales Variable S&A per Unit Total Variable S&A Fixed S&A TOTAL S&A EXPENSE Noncash
Selling & Administrative Expense Budget | ||||
2020 | ||||
October | November | December | QUARTER | |
Unit Sales | ||||
Variable S&A per Unit | ||||
Total Variable S&A | ||||
Fixed S&A | ||||
TOTAL S&A EXPENSE | ||||
Noncash S&A Expenses | ||||
TOTAL S&A DISBURSEMENTS |
|
Lexie's Wool Sweaters | ||||
Balance Sheet | ||||
As of September 30, 2020 | ||||
ASSETS | LIABILITIES & EQUITIES | |||
Cash | $ 150,000.00 | Accounts Payable | $ 14,500.00 | |
Accounts Receivable | $ 75,000.00 | Notes Payable | $ - | |
Raw Materials Inventory | $ 28,929.60 | Interest Payable | $ - | |
Finished Goods Inventory | $ 61,125.00 | TOTAL LIABILITIES | $ 14,500.00 | |
PP&E, net | $ 487,000.00 | Retained Earnings | $ 787,554.60 | |
TOTAL ASSETS | $ 802,054.60 | TOTAL LIABILITIES & EQUITY | $ 802,054.60 | |
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