ACCT1101 Lecture Notes - Lecture 2: Dental Restoration, Budget, Cash Flow
Document Summary
In retail business - would usually include: sales budget, purchases budget, selling expenses budget, general and administrative expenses budget, cash budget (projected cash flow statement, projected income statement, projected balance sheet. Tcps" poli(cid:272)(cid:455) is to have (cid:271)ags of pet food o(cid:374) ha(cid:374)d at the e(cid:374)d of ea(cid:272)h (cid:373)o(cid:374)th e(cid:395)ual to 20% of the (cid:374)ext (cid:373)o(cid:374)th"s budgeted sales (bags). It expects to have 480 bags of pet food on hand at the end of december and expects to sell 2,900 bags in april. Tcps pays for its purchases in the following month. Tcps expects its total purchases for the month of december to be. bag bag bag bag. 41,940 43,560 46,080 131,580 paid for in the next month. Top cat pet shop estimates its monthly selling expenses as follows: Assume that tcps pays all selling expenses in the month in which they are incurred. Top cat pet shop selling expenses budget ($) q1.
