Earrings Unlimited: Case 9-30 Master Budget with Supporting Schedules

ACCOUNTING

Case 9-30 Master Budget with Supporting Schedules SOLUTION

Earrings Unlimited

Required:
Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets:
1. a. A sales budget, by month and in total.
b. A schedule of expected cash collections from sales, by month and in total.
c. A merchandise purchases budget in units and in dollars. Show the budget by month and in total.
d. A schedule of expected cash disbursements for merchandise purchase, by month and in total.
2. A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $50,000.
3. A budgeted income statement for the three-month period ending June 30. Use the contribution approach.
4. A budgeted balance sheet as of June 30.XX

Click here for the SOLUTION
Case 9-30 Master Budget with Supporting Schedules
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited

SOLUTION: Case 9-30 Master Budget with Supporting Schedules

ACCOUNTING

Case 9-30 Master Budget with Supporting Schedules SOLUTION

Earrings Unlimited

Required:
Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets:
1. a. A sales budget, by month and in total.
b. A schedule of expected cash collections from sales, by month and in total.
c. A merchandise purchases budget in units and in dollars. Show the budget by month and in total.
d. A schedule of expected cash disbursements for merchandise purchase, by month and in total.
2. A cash budget. Show the budget by month and in total. Determine any borrowing that would be needed to maintain the minimum cash balance of $50,000.
3. A budgeted income statement for the three-month period ending June 30. Use the contribution approach.
4. A budgeted balance sheet as of June 30.XX

Click here for the SOLUTION
Case 9-30 Master Budget with Supporting Schedules
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited
Case 9-30 Master Budget with Supporting Schedules Earrings Unlimited