Budgeted Income Statement Assignment

Check my work 5 sales are on the account, with 45 percent of sales collected In percent collected In the following month. The date that follows was extracted from the company's accounting Badlands, Inc. manufactures a household fan that sells for $25 per unit nt sele and 10 ports Badlands maintains a minimum cash balance of $25,000. Total payments in January 20x1ere budgeted at 5190,000. January of period allowing receipts A sched manual 10 120,004 cante receivable From t Print yron February seles 4.700 Acferences March 20×1 sales are expected to total 9.000 units, percent of the following month's sales. .The December 31, 20×0., balance sheet revealed the following selected figures: cash, $22,800; accounts receivable, $110,000; and finished goods, $22,800. Required: sold in December 20×0. 1 Determine the number its a

3. Compute the total seles revenue Badlands' budgeted income statement for the first quarter of 20×1 o be reported o 5 Calculate the number of units in the December 31, 20vo need ade le Budgeted balance sheet 6 Calculate the number of units of finished goods to be manufactured in January 20×1. 7 Calculate the financing required January, if any, to maintain the firm's minimum cash balance. December sales B,00 units S 225,000 $1.782.181 2 March sales revenue First-quarter sales revenue 3 4 March accounts removable balance 123.250 5. December 3 finished-goods inventory. Finished goods to be manufactured 7. Financing required in January January 21,542 units.

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