The budget should include the following:
- Name of Business
- Owner Name
- Size & Type of Business
- Location of Business
- A Table of Contents
- An Assumptions Page
- Two (2) Inventory items (Minimum)
- Master Budgets are listed below.
- Sales Budget of items sold, sales price per unit, total sales
- Merchandise Purchases Budget
- Determine your beginning inventory quantities – 2 items (Combined)
- Determine your ending inventory.
- Ending inventory quantities must be different from the beginning.
- Unit Cost · Order additional items as needed.
3) General and Administrative Expenses Budget – Total of six expenses. · Salaries, Advertising, depreciation, etc.
4) Cash Budget
- All sales are not collected. (do not use 50% or 100%). Credit based
- All purchases are not paid for. (do not use 50% or 100%) Credit based.
Note – Follow the Structure of the Practical question which was discussed in the class. Font Size and Font Style: 12 Times new Roman/ 11 Arial. This criterion is linked to a Learning Outcome
Introduction:
- Name of Business
- Owner Name
- Size & Type of Business
- Location of Business
- A Table of Contents
- An Assumptions Page
Title page Name of Business, Owner Name, Size & Type of Business, Location of Business. A Table of Contents, Two (2) Inventory items (Minimum) -100 % correct. If you missed out anything to the following mention points: Name of Business Owner Name Size & Type of Business Location of Business A Table of Contents Two (2) Inventory items (Minimum)
This criterion is linked to a Learning outcome a Master Budget will include details about Sales, Production, and Cash budget. Creating a Master Budget Budget will include details about Sales, Production, and Cash budget. ( Used the Fictitious Figures)
If you missed out on anything to following mention points: Create a Master Budget Budget will include details about Sales, Production, and Cash budget. ( Used the Fictitious Figures)
This criterion is linked to a Learning OutcomeAnalysis
Write the Details about the Creation of the Master Budget – Explain the reason Where and Why to select the Company and How you create the Master Budget by set up the link-up of all budgets.
Analysis Write the Details about the Creation of the Master Budget – Explain the reason with Where, Why to select the Company, and How you create the Master Budget by set up the link up of the all budgets?
If you missed out anything to following mention points: Analysis Write the Details about the Creation of the Master Budget – Explain the reason with Where, Why to select the Company and How you create the Master Budget by set up the link up of the all budgets.
