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

How to calculate performance materiality in audit - Wayne reaud net worth - Athlean x xero program pdf - Anatomical landmarks of denture bearing area - Ingrid jonker the child who was shot dead by soldiers - Internal and External Audiences - How to calculate efn - Nmap scan report for - Wall street journal vs usa today - 4.5 9 distance in kilometers codehs - Ap biology ecology test - Secure software development concepts support protecting applications - Week 1 Project Disease Management - My virtual child paper 1 - Balloon circumference vs temperature experiment - University of wyoming soundings - Standardized vocabulary is needed to - Risks associated with servant leadership - Ipr curve excel - Preaching the word only refers to the old testament - Acc 202 module 2 assignment - Essay 2.1 - How are photosynthesis and cellular respiration alike - Gamry instruments reference 600 - Project Outline - Robert frost the death of a hired man summary - Waiting for godot tragedy - Remote Work - Learning disabilities through the natural science lens - Chair the fed game - Sunrise dam gold mine - Piper arrow v speeds - Karnataka education act 1983 - Project: Part 3: Analysis of a Policy-wk8-6361 - Compare and contrast paragraph - Zipcar used car sales - Profitable mobile catering by bob fox - How you put people together affects? - Was it necessary to re formulate new coke - Personal philosophy examples nursing - Bank of queensland websaver - 32 inch haier tv $97 - Nissan case study milestone 2 - Business Clasees - Because it speaks deceit and i am honest - High frequency training for hypertrophy - Aes ccmp tsc replays - Critical Thinking Essay: Organizational Culture - Glengarry glen ross author - 8 rebar weight per linear foot - What is kordon termite barrier - ZAPS LAB ASSIGNMENT - Ethical naturalism strengths and weaknesses - How many vertices does a cone have explain - 0.000000048 in scientific notation - 755 bus timetable mount druitt - Invisible patients movie - Assuming no brokerage fees, calculate the amount of cash needed to retire the bond. - Generator earthing arrangements australia - Jumping for the jelly beans herzberg - Queen of the night cactus care - What is spoilage in accounting - Uws human resource management - Cnc tool holders ppt - Stephen king riding the bullet soundtrack - Oxidation of cyclohexanol with bleach - The growth fund ekera dental - Project management for hris implementation - Alka seltzer rocket race - 4 sector model of circular flow of income - Ms project task board - The hobbit the desolation of smaug google docs - Full disclosure principle definition - Case study - Open ended family focused questions - Assignment - Project procurement management mainly involves - Donald kagan what is a liberal education summary - Free cash flow stock valuation - A concerto grosso is a type of solo concerto - Esp surgex diagnostic tool - Written Analysis - Cfmeu mature age apprentice wages - Connected graph definition d1 - Psy 110 university of phoenix - Media monitors australia pty ltd - Question 5 (a) and (b) - Student support unit sussex - Ibm clearcase is a distributed or stream based version control - 70 perchloric acid molarity - 10 o clock in military time - Bacb supervision form 2019 - Communicable disease article hcs 457 - Labyrinthelab com lrc - 750 words A review of two research articles - Give me liberty an american history pdf - Management information system laudon chapter 1 ppt - Chemistry in context answers aquatherm pipe and fittings - Case study - Acct research