A manufacturing company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Payable can be taken from the A. schedule of cash payments B. selling and administrative expenses budget C. financial budget D. cash budget
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- Identify the document that contains the information listed in these lines from the budgeted balance sheet shown. Cash Accounts receivable Raw materials inventory Computers Accounts payableIdentify the document that contains the information listed in these lines from the budgeted balance sheet shown. Accounts receivable Finished goods inventory Machinery Accumulated depreciation Notes payable Common stock1. Prepare a revenue budget. 2. Prepare a professional labor budget.
- Which budget is the starting point in preparing financial budgets? the budgeted income statement the budgeted balance sheet the capital expense budget the cash receipts budgetWhich of the following includes only financial budgets? capital asset budget, budgeted income statement, sales budget production budget, capital asset budget, budgeted balance sheet cash budget, budgeted balance sheet, capital asset budget budgeted income statement, direct material purchases budget, cash budgetA manufacturing company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. While doing so, the Cash balance can be taken from the OA budgeted income statement OB operational budget OC. sales budget OD. cash budget
- 4G . 4G S 9:58 以令 Shrek & Fiona Company Statement of Financial Position As of December 31, 2020 Current Assets Current Liabilities Cash 18,000 Accounts Payable (N2) 240,000 Accounts Receivable (N1) Taxes Payable Dividends Payable 1,192,000 13,200 Less: Uncollectible accounts (22,400) 1,169,600 500,000 Inventories Total Current Liabilities 753,200 Raw Materials (12,000 pounds) 30,000 Finished Goods (4,000 units) 140,000 170,000 Total Current Assets 1,357,600 Stockholder's Equity Common Stock (100,000 shares) 500,000 Non-current Assets Retained Earnings 360,400 Property, plant, and equipment 320,000 Total Stockholder's Equity 860,400 Less: Accumulated depreciation (64,000) 256,000 Total Assets 1,613,600 Total Liabilities and SHE 1,613,600 N1 2020 3rd quarter sales P2,500,000 2020 4th quarter sales P3,100,000 200,000 992,000 1,192,000 75,000 165,000 N2 2020 3rd quarter purchases P300,000 2020 4th quarter purchases P330,000 240,000 1. Estimated unit sales for the first quarter of 2021 is…1. Prepare a Sales Budget 2. Determine a production volume. 3. Estimate manufacturing cost and operating expense. a. Purchase (material budget) b. Personnel budget c. Overhead budget d. Selling and Administrative budget 4. Determine cash flow and other financial effects. a. Cash collection schedule b. Cash disbursement for purchases, factory overhead, and selling and administrative expense. c. Cash budget 5. Formulate Projected Financial Statement (As of December 31, 3021) a. Budgeted cost of goods manufactured b. Budgeted income statement c. Budgeted Balance SheetA company's expected receipts from sales and planned disbursements to pay bills is commonly called a: Select one: a. Cash budget. b. Pro-forma budget. c. Master budget. d. Financial budget.
- B) Organize the following budgets in order of preparation by placing the number before it: Cash budget Selling and administrative expense budget Manufacturing overhead budget Direct materials purchase budget Budgeted balance sheet Sales budget Direct labor budget Budgeted income statement Budgeted cost of goods sold Production budgetThe budgeted income statement is prepared by integrating all of the following EXCEPT the a.budgeted balance sheet. b.cost of goods sold budget. c.selling and administrative expenses budget. d.sales budget.The direct labor budget and the manufacturing overhead budget are prepared directly from the a. cash budget. b. sales budget. c. budgeted income statement. d. production budget.
