Question

Hello i need some help finishing up my master budget for my managerial accounting.

My teacher had given us

what two of our answers should be the first being the

December ending Cash after financing should equal $63,170

and the second being

Total Assets should equal $325,220

Assumptions – San Marcos Emporium
Expected Sales:
September
October
November
December
January $
$
$
$
$ 202,000.00
208,000.00
207,000.00
210,000.00
204,000.00 Credit Sales
Cash Sales 20%
80% Gross…
Business