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Required:Prepare a master budget for the three-month period ending June 30. Incl
1. In exercise 7-1 requirement 1 letter (a) is included in the cash and cash eq
September 15, 2020Cash and equivalents $ 44000Revenues 800000Notes payable 40000Long-term debt exc
September 15, 2020Required:Prepare a master budget for the three-month period ending June 30. Include the following detailed budgets:1. a. A sales budget by month and in total.b. A schedule of expected cash collections from sales by month and in total.c. A merchandise purchases budget in units and in dollars. Show the budget by month and in total.d. A schedule of expected cash disbursements for merchandise purchase by month and in total.2.
A cash budget. Show the budget by month and in total.
Determine any borrowing that would be needed to maintain the minimum
cash balance of $50000.3. A budgeted income statement for the three-month period ending June 30. Use the contribution approach.4. A budgeted balance sheet as of June 30 XX
