Coursework.Info - Inspiration in an Instant

On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:

Group Project Unit Four ACG_420 Managerial Accounting And Organizational Controls July 1, 2006 Victoria Kite Company's Master Budget Schedules Schedule A: Sales Budget January February March Total Recent & Forecasted Sales $62,000 $75,000 $38,000 $175,000 Schedule B: Cash Collections January February March Totals 60% of Current Month Sales $37,200 $45,000 $22,800 $105,000 30% of Previous Month Sales 7,500 18,600 22,500 48,600 10% of 2 Months Earlier 2,500 2,500 6,200 11,200 Totals $ 47,200 $ 66,100 $ 51,500 $ 164,800 Schedule C: Purchases January February March Totals Desired ending inventory $ 6,000 $ 6,000 $ 6,000 $ 18,000 Cost of goods sold 31,000 37,500 19,000 87,500 Total needed 37,000 43,500 25,000 105,500 Less beginning inventory 39,050 8,050 6,000 53,100 Purchases $ - $ 35,450 $ 19,000 $ 52,400 Schedule D: Disbursements January February March Total 100% of last months purchases $ 35,550 $ - $ 35,450 $ 71,000 Cash Budget Jan Feb March Beginning cash balance $ 5,000 $ 5,100 $37,692 Minimum cash balance desired $ 5,000 $ 5,000 $ 5,000 Available cash balance $ - $ 100 $32,692 Cash Receipts and Disbursements Cash Collections $ 47,200 $ 66,100 $51,500 Cash Disbursements for Purchases $ 35,550 $ - $35,450...

Get instant access

• Instant, unlimited access to our documents in full
• Swap your work for free access, or pay £4.99
• To see the full version of this document and 146,871 others

OR

Receive email updates for this category

• Simply tell us your email address and receive a weekly Study Help Email for FREE
• Receive 3 FREE essay views with each email
• Get all the latest essays from Coursework.Info & discussion from TheStudentRoom.co.uk