Account profit planning/budget question?

Quillin company had the following budgeted information for october:

1. october 1 cash balance $3500

2. expected sales 2,500 units at $25 each (half in cash, remainder on credit due in november)

3. inventory purchases 3,000 units at $14 each (all in cash)

4. rent $1,450

5. payroll $1,000

6. utilities and other costs $4,500

7. SG&A $15,000 including $2,000 of depreciation

8. accounts receivable balance oct. 1 $35,000 (includeds $700 bad debts allowance)

Quillen Co. requires an ending cash balance of $10,000

Prepare a cash budget for october

Is this the question you were looking for? If so, place your order here to get started!