Mynor Company
Balance Sheet
As of December 31, 2019
Assets Liabilities & Owners’ Equity
Current Assets Current Liabilities
Cash $ 31,400 A/P $ 77,900
A/R 65,000
Raw Materials 19,500 Owners’ Equity
Finished Goods 128,820 Common Stock $125,000
Total Current Assets $244,720 Retained Earnings 520,000
Long Term Assets
PP&E $922,180 Total Owners’Equity 645,000
Accum Deprec (444,000)
Net PPE 478,180
Total Assets $722,900 Total Liabs & Owners Equity $722,900
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1. Sales projections for the 2020 are:
2. Production:
3. Selling & Administrative
Prepare a Master budget. Be sure to include (each worth 1 point):
(See Spreadsheet from March 23rd lecture for each budget format).
Answer: I have uploaded the Answer of 4 sub part of question .
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