Budgeted Balance Sheet

Budgeted Balance Sheet - Budgeted Balance Sheet The...

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Budgeted Balance Sheet The budgeted balance sheet is a projection of financial position at the end of the budget period. This budget is developed from the budgeted balance sheet for the preceding year and the budgets for the current year. Pertinent data from the budgeted balance sheet at December 31, 2009, are as follows. $182,000 Common stock $ 28,800 Retained earnings Illustration 20-18 shows Hayes Company's budgeted balance sheet at December 31, 2010. Illustration 20-18 Budgeted balance sheet
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The computations and sources of the amounts are explained below. Cash: Ending cash balance $37,900, shown in the cash budget ( Accounts receivable: 40% of fourth-quarter sales $270,000, sh expected collections from customers (Illustration Finished goods inventory: Desired ending inventory 1,000 uni budget (Illustration 20-5 ) times the total unit cost $44 (shown in Raw materials inventory: Desired ending inventory 1,020 pou $4, shown in the direct materials budget (Illustration Buildings and equipment:
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Budgeted Balance Sheet - Budgeted Balance Sheet The...

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