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Simid Sports Co. Case Study
Using the information in the above document, prepare a master budget for each of the first three months of 2014, include the following component budgets (show supporting calculations as needed, and round amounts to the nearest dollar):
- Monthly sales budgets (showing both budgeted unit sales and dollar sales)
- Monthly merchandise purchases budgets
- Monthly selling expense budgets
- Monthly general and administrative expense budgets
- Monthly capital expenditure budgets
- Monthly cash budgets
- Budgeted income statement for the entire first quarter (not for each month)
- Budgeted balance sheet as of March 31, 2014.