See attached file.
Mustang Company has the following data:
The average mark-up on products is 40%, and the inventory at the end of December was $19,000. Desired inventory levels are 30% of next month's sales at cost. ________ is the desired ending inventory for April.
None of these answers is correct.
________ set the overall goals and objectives of the organization.
Pro forma statements
All of the following are financial budgets except:
the purchases budget
the capital budget
the cash budget
the budgeted balance sheet
Georgia Company has the following information:
________ is the total estimated cash disbursement in March for the purchase of merchandise.
The master budget includes forecasts for all of the following except:
number of employees