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ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions ( DEVRY )
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Prepare a master budget for the three-month period ending June 30 . Include the following detailed budgets :
· 1 . oa . A sales budget , by month and in total .
ob . A schedule of expected cash collections from sales , by month and in total .
oc . A merchandise purchases budget in units and in dollars . Show the budget by month and in total .
od . A schedule of expected cash disbursements for merchandise purchases , by month and in total .
· 2 . A cash budget . Show the budget by month and in total . Determine any borrowing that would be needed to maintain the minimum cash balance of $ 50,000 .
· 3 . A budgeted income statement for the three-month period ending June 30 . Use the contribution approach .
· 4 . A budgeted balance sheet as of June 30 .
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ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions ( DEVRY )
Question :
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