. Liberty Celebrations has 250 business days per year. Assume that s ales occur uniformly throughout the year and that production is insta ntaneous. If Liberty Celebrations does not maintain a safety stock, the estimated total carrying cost for the flag displays for the coming year is( Points: 5)
1.( TCO 2) Russell Company has the following projected account bala nces for June 30, 20X9: Accounts payable $ 60,000 Sales $ 800,000 Accounts receivable $ 100,000 Capital stock $ 400,000 Depreciation, factory $ 36,000 Retained earnings? Inventories( 5 / 31 & 6 / 30) $ 180,000 Cash $ 56,000 Direct materials used $ 210,000 Equipment, net $ 260,000 Office salaries $ 92,000 Buildings, net $ 400,000 Insurance, factory $ 4,000 Utilities, factory $ 16,000 Plant wages
$ 140,000 Selling expenses
$ 50,000 Bonds payable $ 160,000 Maintenance, factory $ 28,000 Prepare a budgeted income statement AND a budgeted balance sheet as of June 30, 20X9.( Points: 25) budgeted income statement: 2.( TCO 5) Paul ' s Medical Equipment Company manufactures hospital beds. Its most popular model, Deluxe, sells for $ 5,000. It has variabl e costs totaling $ 2,800 and fixed costs of $ 1,000 per unit, based on an average production run of 5,000 units. It normally has four producti