Can you do this in excel and show what functions you use to get the quarter totals and other totals. Can you also do the sales budget
I need to create an entire master budget.
Answer with working is given below
Normal add and minus formulas are used in excel. if you understand conceptually master budget excel formulas can be easily put.
if you have any other doubts do please let me know please
Can you do this in excel and show what functions you use to get the quarter...
Can you please show me what the sales budget for this information would be in excel. Thank you The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 8,500 $ 24,000 $ 45, 600 $ 121,200 $ 27,300 $ 150,000 $ 22,000 a. The gross margin is 25% of sales. b. Actual and...
Can you please create an excel Assumption page with the given date to be used in a master budget that needs to be all referenced to the assumption page. Thank you The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods Current assets as of March 31: Cash 8,500 24,000 45,600 $121,200 $ 27,300 $150,000 $ 22,000 Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings a. The gross margin...
This is for shilow company. Can you show the sales budget sheet as well. Thank you TULUNJ UI JMOW CUMPally, a Wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 8,500 $ 24,000 $ 45,600 $ 121,200 $ 27, 300 $ 150,000 $ 22,000 c. Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale....
Can you also do a sales budget for the given information? Thank you in advance The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 8,500 $ 24,000 $ 45, 600 $ 121,200 $ 27,300 $ 150,000 $ 22,000 June Quarter Shilow Company Cash Budget April May $ 8,500 69,600 78,100 a. The...
Please create an Assumption page in excel for all given data. Creating a master budget where all data needs to be links to assumptions. No hard numbers can be used. Thank you The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 8,500 $ 24,000 $ 45, 600 $ 121,200 $ 27,300 $...
The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 7,500 $ 20,00 $ 39,60 $ 127,200 $ 23,550 $ 150, een $ 20,750 a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April May June July $ 50,000 $ 66,000 $ 71,00 $ 96, cea...
Can anyone help me with the ones that are wrong? Also explain how you get the answers nment 6 Help Save 8 c Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales d. Each month's ending inventory should equal 80% of the following month's budgeted cost of goods sold. e. One-half of a month's inventory purchases is paid...
1) Create budgeting assumptions for the year. 2) Create a Sales Budget by month and total, in dollars. 1) Create budgeting assumptions for the year. 2) Create a Sales Budget by month and total, in dollars. The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 8,900 $ 25,600 $ 48,000 $ 111,600...
The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 7,200 $ 18,800 $ 37,800 $ 123,600 $ 22,425 $ 150,000 $ 14,975 a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April May June July $ $ $ $ $ 47,000 63,000 68,000 93,000 44,000...
The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash Accounts receivable Inventory Building and equipment, net Accounts payable Common stock Retained earnings $ 9, 100 $ 26,400 $ 49,200 $ 106,800 $ 29,550 $ 150,000 $ 11,950 a. The gross margin is 25% of sales. b. Actual and budgeted sales data: March (actual) April May June Ouly $ 66,000 $ 82,000 $ 87,000 $ 112,000 $...