Web Chapter 23 Day 2 - Master Budgets and Planning Chapter...

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Master Budgets and  Master Budgets and  Planning Planning Chapter 23 Chapter 23 NOTE: Focus on all pages NOTE: Focus on all pages
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    Operating budgets Operating budgets - Sales budget Sales budget - Purchases or production budget Purchases or production budget - Selling, general and administrative budget Selling, general and administrative budget     Capital expenditures budget Capital expenditures budget     Financial budgets Financial budgets - Cash budget Cash budget - Budgeted income statement Budgeted income statement - Budgeted balance sheet Budgeted balance sheet Master Budget Components Master Budget Components
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Example Example (Purchases Budget) (Purchases Budget) Jackson Furniture Company buys and sells tables; its 2008 sales budget is as follows: The January 1, 2008 inventory is 80 tables. Management desires an ending inventory each quarter equal to 20% of the next quarter’s sales. Each table costs $300 which is
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This note was uploaded on 04/12/2009 for the course ACC 310F taught by Professor Verduzco during the Fall '07 term at University of Texas at Austin.

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Web Chapter 23 Day 2 - Master Budgets and Planning Chapter...

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