The Bag Corporation is a distributor of highend golf bags. In the past, The Bag Corporation produced

and sold the golf bags. Over time, they realized it was cheaper to buy the golf bags fully assembled and

resell them to the public, therefore eliminating their need for a manufacturing plant. The Bag

Corporation pays $ per golf bag and sells them for $

Prepare a January December Revenue Budget for units and sales dollars for The

Bag Corporation. They anticipate selling golf bags in January and increasing

that number by each month.

Prepare a Purchases Budget for units and cost for The Bag Corporation. They plan

to have golf bags on hand at December The Bag Corporation purchases golf

bags once a month and bases their purchase on of the next months projected sales. In

December The Bag Corporation plans to sell golf bags and will purchase

golf bags January projected sales of golf bags x In January The Bag

Corporation plans to sell golf bags and will purchase golf bags February

projected sales of golf bags x

Prepare a Cash Collections Budget for The Bag Corporation. of The Bag

Corporation sales are cash sales and are credit sales. The credit sales are collected the

following month.

Prepare a Operating Expenses Budget for The Bag Corporation. Administrative

Expenses are $ per month and are fixed. Marketing Expenses are of the current

months sales. StorageDistribution Expenses are $ per golf bag sold in each month.

Prepare a Cash Disbursements Budget for The Bag Corporation. The Bag

Corporation pays for the golf bags on credit but must make full payment within days. All

Administrative, Marketing and StorageDistribution expenses are paid in the current

month.

Prepare a Budgeted Income Statement for the year ended December