Using the info from problems #$1$ and $||6,$ calculate the Cost of Goods Sold

Budget for Jan, Feb, & March.

In addition to the info in problem H$1,$ the following cost behavior

patterns are budgeted for the operating expenses each month:

Fixed Costs: $$10,000$ Admin Salaries, $$5,000$ Depreciation, $$2,000$ Advertising

Variable Costs per unit sold: $$3$ Sales Cornmissions, $$1$ supplies, $$2$ Marketing

Mixed Costs! Utilities $$3,000$ plus $$2$ per unit sold

Prepare the Operating Expense Budget for Jan, Feb & March.

Using the info from the previous $6$ problems, prepare an Income Statement

in good format for Jan, Feb, & March, and for the Total Quarter $\frac{1}{1}\frac{?}{18}+\frac{3}{31}\frac{?}{18}.$

Also calculate the Gross Margin Ratio for the quarter ending $3/31/18.$

In addition to the info in problem $11,$ and based on past experience, the

company expects to collect $85\%$ of the month's sales in the current month,

and $15\%$ in the month following the sale. The accounts recelvable balance

at $\frac{12}{31}\frac{?}{17}$ was $$50,000$ and is deemed fully collectible.

Prepare the Cash Receipts Budget for Jan, Feb, & March.

Also calculate the Accounts Receivable balance on $3/31/18.$

In addition to the info from previous problems, the following cash

disbursements were made each month:

Equipment purchases $$50,000$ in Jan, $$24,950$ in Feb, & $$30,000$ in March.

Dividends paid of $$35,000$ in Jan, $$20,000$ in Feb and $$15,000$ in March.

Materials purchases are paid for $100\%$ in the month of purchase.

Operating expenses include $$5,000$ of Depreciation each month, which is a

non$-$cash expense.

Prepare the Cash Disbursements Budget for Jan, Feb, & March, which should also

include the cash payments for materials, labor, MOH, and operating expenses.

The bank requires a minimum cash balance at the end of each month of $$50,000.$

The company has a $$500,000$ line of credit with $$0$ outstanding balance as of $\frac{1}{1}\frac{?}{18}.$

Interest on the line of credit is $12\%$ annually, and is paid at the end of each month.

Ending cash balance on $\frac{12}{31}\frac{?}{17}$ was $$52,500.$

In addition to the info in problems $$10$ and $$11,$ prepare a Comprehensive Cash

Budget for Jan, Feb, and March.

In addition to the info from problems $$10$ & #$12,$ the following balances are as of $\frac{3}{31}\frac{?}{18}$ :

Equipment, net of Accum. Deprec. $=$$$289,000$

Bonds Payable $=$$$145,000($one annual payment in July$)$

Beginning Retained Earnings Bal $\frac{1}{1}\frac{?}{18}=$$$93,000$

Common Stock $=$$$210,000$

Prepare a Balance Sheet in good format as of $\frac{3}{31}\frac{?}{18}.$