template_Case 9_26

template_Case 9_26 - Commissions ( ). .......................

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Case 9-26  Name:________________ Marked by:___________ 1. a. Sales budget: April May June Quarter b. Schedule of expected cash collections: Collected in Month of:   Sale in Month Of:                                      c. Merchandise purchases budget:  d. Budgeted cash disbursements for merchandise purchases: April May June 2. Formalwear Sales Company Cash Budget For the Three Months Ending June 30 April May June Quarter
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Check figure for final cash balance =  $10,730 3. Formalwear Sales Company Budgeted Income Statement For the Three Months Ended June 30 Sales revenue (Part 1 a.). .................... Variable expenses: Cost of goods sold  (                               ). .....................
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Unformatted text preview: Commissions ( ). .................... Contribution margin. ............................ Fixed expenses: Wages and salaries. .......................... Utilities. ............................................. Insurance expired. ............................. Depreciation. ..................................... Miscellaneous. .................................. Operating income. ............................... Less interest expense. ......................... Net income. .......................................... 4. Formalwear Sales Company Budgeted Balance Sheet June 30 Assets Liabilities and Shareholders’ Equity Check figure for Bal. Sheet total = $844,730...
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This note was uploaded on 03/04/2012 for the course ACCT 2460 taught by Professor Farrar during the Winter '12 term at Conestoga.

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template_Case 9_26 - Commissions ( ). .......................

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