Project 1 Excel Final ACCT 505 WG

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PROJECT 1 - Excel Template Student Name: Whitney Gates SALES BUDGET: October November December Quarter Budgeted unit sales 70,000 110,000 60,000 240,000 Selling price per unit 10 10 ### 10 Total sales 700,000 1,100,000 600,000 2,400,000 SCHEDULE OF EXPECTED CASH COLLECTIONS: October November December Quarter August sales 26,000 26,000 September sales 280,000 40,000 320,000 October sales 140,000 490,000 70,000 700,000 November sales 220,000 770,000 990,000 December sales 120,000 120,000 Total cash collections 446,000 750,000 960,000 2,156,000 MERCHANDISE PURCHASES BUDGET: October November December Quarter Budgeted unit sales 70,000 110,000 60,000 240,000 Add desired ending inventory 44,000 24,000 12,000 80,000 Total needs 114,000 134,000 72,000 320,000 Less beginning inventory 28,000 44,000 24,000 96,000 Required purchases 86,000 90,000 48,000 224,000 Cost of purchases @ $4 per unit 344,000 360,000 192,000 896,000 BUDGETED CASH DISBURSEMENTS FOR MERCHANDISE PURCHASES: October November December Quarter September purchases 100,000 100,000 October purchases 172,000 172,000 344,000 November purchases
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