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PR 9-34(Algo) Relationships of the Master-Budget Components (LO 9-3,9-5,9-6) Badlands...

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Accounting

PR 9-34(Algo) Relationships of the Master-Budget Components (LO 9-3,9-5,9-6)
Badlands Incorporated manufactures a household fan that sells for $40 per unit. All sales are on account, with 40 percent of sales
collected in the month of sale and 60 percent collected in the following month. The data that follow were extracted from the
company's accounting records.
Badlands maintains a minimum cash balance of $60,000. Total payments in January 201 are budgeted at $462,500.
A schedule of cash collections for January and February of 201 revealed the following receipts for the period:
March 201 sales are expected to total 10,240 units.
Finished-goods inventories are maintained at 20 percent of the following month's sales.
The December 31,200, balance sheet revealed the following selected figures: cash, $75,000; accounts receivable, $252,000;
and finished goods, $68,700.
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