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Use the exhibits in the Excel file to prepare a six-month budget. Use the blanks tab in the Excel file to prepare: Sales budget Production
- Use the exhibits in the Excel file to prepare a six-month budget. Use the blanks tab in the Excel file to prepare:
- Sales budget
- Production budget (note: ending inventory should be 300 units + 20% of next months sales)
- Purchases budget
- Cash budget (note the collections pattern for sales is provided and accounts payable is paid the following month Exhibit 7 provides beginning accounts payable balances). The company wants to maintain a $100,000 cash balance, so you may need to borrow to maintain the desired balance.
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