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URGENT PLEASE solve the questions found at the end of the pictures (and show functions used) Solution File XYZ Company Three-Month Master Budget XYZ Company

URGENT PLEASE solve the questions found at the end of the pictures (and show functions used)

image text in transcribedimage text in transcribed Solution File XYZ Company Three-Month Master Budget XYZ Company Balance Sheet, December 31 \begin{tabular}{|c|c|c|} \hline Cash & & $41,700 \\ \hline Accounts receivable & & 192,000 \\ \hline Raw materials & & 102,240 \\ \hline Finished goods & & 64,400 \\ \hline Land & & 50,000 \\ \hline Plant and equipment & $500,000 & \\ \hline Less: accumulated depreciation & 112,000 & 388,000 \\ \hline Total assets & & $838,340 \\ \hline Accounts payable to suppliers & & $340,000 \\ \hline Common Stock & $100,000 & \\ \hline Retained Earnings & 398,340 & 498,340 \\ \hline Total liabilities and equity & & $838,340 \\ \hline \end{tabular} Information: Estimated sales in units of Product X January February March April May Selling price Collections from customers Collect in month of sale Collect the following month \begin{tabular}{r} 7,000 \\ 8,000 \\ 11,000 \\ 8,000 \\ 7,000 \\ $110 \\ \hline 55% \\ \hline 40% \end{tabular} Desired FG inventory (\% of next month's unit sales) Desired raw material inventory (\% of next month's production needs) Raw material units needed to produce one final product M1 BI units \& cost Product X

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