Accounting_HW2 - To: President of Big Budget Company...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
To: President of Big Budget Company Subject: Computer System Implementation From: casey and jon Date: March, 31, 2010 Summery of Analysis: First a primary sales budget was created using the assumptions provided by Big Budget Company that showed total budgeted sales of $457,500. Then a schedule of cash collections was made giving total collections equal to $345,000. Next we looked at the inventory purchase budget and determined that the amount required to purchase was $33,975. Then a schedule of cash payments was created taking into account the company’s inventory purchases, the total budgeted payments for inventory was $252,525. The next thing we had to analyze was the selling and administrative expense budget with total S&A expenses equaling $120,225 before interest was accrued. Based the expense budget we A final cash budget was then made and after comparing all of the cash receipts, payments and
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online