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Budget Case Input Section: Balance Sheet As of March 31, 2018 July August Assets Liabilities...

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Accounting

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Budget Case Input Section: Balance Sheet As of March 31, 2018 July August Assets Liabilities and Equities 20,000 50,000 60,000 75,000 65,000 Cash $140,000 Accounts payable $80,000 Notes Payable $13,800 Dividend payable $14,000 Total Liabilities $100,000 Raw materials inventory Finished goods inventory Property, Plant and equipment, net Total assets $320,000 Common Stock $150,000 $567.800 Retained earnings Accounts receivable, March 31 Total Equities Finished Goods Inventory: Ending inventory requirement 10% of next month's sales $0.50 per pound 4 pounds Ending inventory requirement 30% of next month's production needs Accounts payable March 31 $12,000 per month per month Noncash fixed (included in above) $20,500 Noncash fixed (included in above) $10,000 per month

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