Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Accounts Management

21/09/2020 Client: arwaabdullah Deadline: 2 Day

  


Note: The company desires a minimum ending cash balance each month on $35,000. The beard grooming products are sold to retailers for $20 each and the sales have been stagnant due to the Covid-19. However, the marketing department has been positive toward the end of the year due to season change and upcoming holiday. The marketing department has just sent you their forecasted quarter sales and marketing budget. 


  


Quarter   




2020   Q4




2021   Q1




2021   Q2




2021   Q3




2021   Q4




2022   Q1


 


Sales   in Unit




30,000




35,000




40,000




65000




68000




70,000


 


Marketing   Expenses




$35,000




$20,000




$20,000




$45,000




$45,000




$45,000


The increased sales volume before and during June and January is due to Father’s Day and holidays with AATB being a favorite. Ending finished goods inventories are supposed to be equal to 20% of the next month’s sales in units. AATB currently does its own assembly production in house. Each unit consists of 3 shaves and the cost of each is $1.50. Each unit needs 0.10 labour hour from assemble to finish package. The hourly pay rate to the assembling workers is $15 per hour. The production manager also required desired direct material ending inventory to 30% of the next quarter production. 


Purchases are paid for in the following manner: 50% in the quarter of the purchase and the remaining 50% paid in the quarter following the purchase. All sales to the distributors are made on credit terms with no discount (for now), and payable within 15 days. The AATB has determined that only 50% of sales are collected by the end of the quarter in which the sale occurred. An additional 30% is collected in the quarter  following the sale, and the remaining 20% is collected in the second quarter following the sale. Bad debts have been negligible, supporting the credit terms as favorable. 


Below is a display of the AATB division monthly manufacture overhead and selling and administrative expenses:


 Manufacture Overhead

Variable:


Indirect labour $0.5 per labour hour 


Indirect Materials $0.2 per labour hour 


Fixed:


Wages and Salaries$2,000 per month


Utilities $1,500 per month


Insurance $2,000 per month


Depreciation $2,000 per month


Selling and Administrative 


Variable:

Sales Commissions $1 per unit 


Fixed (Monthly) :

Wages and Salaries$22,000 


Utilities $6,000


Insurance $1,200


Depreciation $1,500


Miscellaneous $3,000


Labour, Manufacture Overhead, and Selling and Administrative expenses are all paid during the month, in cash, with the exception of depreciation (of course). AATB will make a purchase of a parcel of land during the quarter of 2021 for $22,500 cash. AATB contributes to the corporate dividend at a rate of $12,000 each quarter, payable in the first month of the following quarter. AATB’s balance sheet at the end of the first quarter is shown below:


Assets

Cash $14,000 


Accounts receivable ($48,000 sales in Q2 and $152,000 in Q3 this year ) $200,000 


Liabilities


Accounts payable $85,700 


An agreement with Bank of the West allows AATB to borrow in increments of $1,000 at the beginning of each month, up to a total loan amount of $550,000. The interest rate on these loans is 12% annually (pretty high considering market rates) but the interest is not compounded, meaning this is simple interest only. 


Required: 


Prepare a master budget for twelve months from Oct, 2020 to Oct, 2021. Include the following budget schedules and financial statements:

1) Master Budget

2) Cash Budget. Show the cash budget by month and in total. 


3) Budgeted Income statement 

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Academic Guru
Smart Homework Helper
Write My Coursework
Best Coursework Help
Online Assignment Help
WRITING LAND
Writer Writer Name Offer Chat
Top Academic Guru

ONLINE

Top Academic Guru

This project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices.

$15 Chat With Writer
Smart Homework Helper

ONLINE

Smart Homework Helper

Greetings! I am the professional electrical, telecom engineer, rich experience in QPSK, OFDM, FFT, such signal processing concetps with matlab, I can satisfy you definitely. more in chat.thanks.

$35 Chat With Writer
Write My Coursework

ONLINE

Write My Coursework

I will complete your work with A++ QUALITY within your given deadline at very reasonable prices which you have mentioned. "My work always contains 0% plagiarism and I will also provide Turnitin Report for free as a poof".

$30 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

Hello, I have access to journals and online libraries as well as insightful articles that guarantee me to write quality and unique content for your paper. I would like to help you at a reasonable price, high-quality work delivered on time. I am ready to work on your assignment and complete it in accordance with all the instructions. Quality is guaranteed and the assignment will have 0% plagiarism. Please consider hiring me.

$30 Chat With Writer
Online Assignment Help

ONLINE

Online Assignment Help

I am an elite class Ph.D. writer who can deliver you a supreme level of content within your given deadline. I will give you plagiarism free content within your given timeline.

$35 Chat With Writer
WRITING LAND

ONLINE

WRITING LAND

Hey Dear, I am freelance writer and researcher. I have read your project description and it seems area of my interest and expertise. I will write you a top notch quality research article. I have done Masters from Middlsex University. My specialties in writing are research writing, technical writing, article writing, report writing, essay writing, academic writing and Dissertation, Thesis, Coursework and more.

$35 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Writing a paragraph - Wickes half frame bath screen - Tyco pressure relief valve - Initial post - 730 bus timetable uxbridge to hemel hempstead - Explain health care financing and economic principles as they apply to healthcare policy making. - Http go lifetime com streamline poleassembly - Explain nitration of benzene with mechanism - Bulk wholesale clothing suppliers - Iraq's major physical features - ________ is goodness put into action. - Long term orientation vs short term orientation - Physical security failed - Nestle tuna carbonara recipe - What is pearl's traumatic experience - Careful what you wish for maureen mccarthy - Letter from Birmingham Jail - Charles sturt university assignment cover sheet - Jekyll and hyde structure - Your First Job ( apply to Future Graduates NP) - Nutrition and hydration chapter 8 - Westwood spelling test b - Nordstrom case study analysis - Jeff bliss duncanville tx - Life in angola documentary - How long do aqua dragons live - St george term deposits rates - Marketing Management - Discussion 8 - Can a society based on hate survive 1984 essay - Investment banking case study example - Significance and Application in Criminal Justice - Drown junot diaz aurora pdf - Wk-2 - A national manufacturer of ball bearings is experimenting with two - Valentine carol ann duffy - Ben and jerry's differentiation strategy - Case study - Week 3 Health care - Here will come soft rains - Compak accounting unit 3 - Labelled heart diagram gcse - Lección 1 lesson test answers - Use case diagram for library management system - Avaya one x communicator silent install - Ewb challenge 2015 - Discussion response to 2 students - Two Components of Capital Structure in a Firm - Business Intelligence(Discu) - Forge of empires sailmaker - 130 short answer - Jcpenney business model - Assignment 5 - Alikay naturals black soap shampoo ingredients - Whistleblowing in publicly traded companies within the last 12 months - When was the temple of isis in pompeii built - Intermediate accounting chapter 23 statement of cash flows solutions - Thesis statement about herbal medicine - If by rudyard kipling reflection - Cover letter enclosure meaning - Dr davinder singh grewal private rooms - An investment offers to triple your money in 24 - Share capital pro rata questions - In kind contribution definition - Law of conservation of mass lab baking soda and vinegar - Discussion(350 words) - Atwater factors - Reading discussion - Aut email outlook login - Cushing ok wti spot price fob - No plagiarism/ must be original/ scholarly resources 2015 - BUSN235 - Stimulus generalization example marketing - Library gcu 2048 login - Glife blackboard - WEEK V PT1A - Ethical Principles and Dilemmas - Hitachi industrial equipment malaysia sdn bhd - Take this internship and shove it summary - What is the name of h3o - Cultural Studies - Analyzing the article some lessons from the assembly line - City and guilds 3748 - Essay fashion - The Future of Healthcare Informatics - Need assignment - Index of refraction sodium chloride - John the savage quotes - Sandwich panel installation manual - Servlet life cycle ppt - Philosophy - Zhang ailing sealed off text - CRITICAL THINKING RESEARCH REPORT AND POWERPOINT ASSIGNMENT - Triangle shirtwaist fire essay outline - Linking words in english grammar - Blue eyes and brown eyes experiment video - GR Friday - Vce business management exam - Cranes short story summary - Antagonist muscle in bicep curl - American electrical wiring colours