Bus. Finance W3-4 - C5 (Answer)
Bus. Finance W3-4 - C5 (Answer)
Bus. Finance W3-4 - C5 (Answer)
Shoes are Us
Budgeted Balance Sheet
December 31, 2021
Jan. 1 Dec. 31
7.
Cash 550,000 P980,000
Inventory 0 200,000
Line of Credit
3. What are three ways of making estimates for the Sales Budget?
The Three Ways of Making Estimates for the Sales Budget
1. Make a statistical forecast based on an analysis of general business conditions,
market conditions, product growth curves, etc.
2. Make an internal estimate by collecting the opinions of executives and sales
staff.
3. Analyze the various factors that affect sales revenue and then predict the future
behavior of each of those factors.
4. What are the Four Major Sections of Cash Budget?
There are four major sections of the Cash Budget:
1. The receipts section, which gives the beginning cash balance, cash collections from
customers, and other receipts.
2. The cash payments section, which shows all-cash purchases payments made.
3. The cash surplus or deficit section, which shows the difference between the cash
receipts section and the cash disbursements section.
4. The financing section, which provides a detailed account of the borrowings and
repayments expected during the budget period.
5. What are the Five Common Changes in the Budgeted Balance Sheet?
The Five Common Changes in the Budgeted Balance Sheet
Information Source Balance Sheet Change
https://bit.ly/2WLbMpo - P.8