Think about a product that you would like to develop and sell.You will be making a budget presentation to the group in hopes of receiving budget approval for your ideas. Information items to communicate at this meeting are as follows:

1) Quarterly Sales Budget for a Year

2) Quarterly Production Budget for a Year

3) Quarterly Cost of Goods Sold Budget for a Year

4) Quarterly General and Administrative (other non-manufacturing) Expense Budget for a Year

5) Quarterly Capital Expenditure Budget for a Year (assume that you are starting the business without assets)

6) Quarterly Cash Budgets for a Year

7) Budgeted Income Statement for the Entire Year (not for each quarter)

8) Budget Balance Sheet at the end of the Year (assuming A=L+E are all 0 to start the Year)

9) Budgeted Statement of Cash Flows

Numbers are for you to make up to complete the following requirements. Yes you are allowed to make your own assumptions. The numbers just need to flow through the whole project. Do not treat each question individually, instead treat each question concurrent to each other please.