ACC 202 week 3 Assignment 1
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Description
Week three exercises
Shantae Lovett
ACC 202
Ryan Riches
January 31, 2013
14-2 preparing a sales budget
Sales
January
February
March
Cash sales
40,000
44,000
48,400
Sales on account
100,000
110,000
121,000
Total budgeted sales
140,000
154,000
169,400
14-7 Preparing an inventory purchases budget
January
February
March
April
Budgeted cost of goods sold
50,000
54,000
60,000
75,000
Plus: desired ending inventory
5,400
6,000
7,500Inventory needed
55,400
60,000
67,500
Less: beginning inventory
5,000
5,400
6,000Required purchases (on account)
50,400
54,600
61,500
b. 164,000
c. 7,500
14-13 preparing a cash budget
Cash Budget
July
August
September
Section 1: cash...
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