ACCT 505 Week 5 Course Project 1: LBJ Company
You have just been contracted as a budget consultant by LBJ Company, a distributor of bracelets to various retail outlets across the country. The company has done very little in the way of budgeting and at certain times of the year has experienced a shortage of cash.
You have decided to prepare a cash budget for the upcoming fourth quarter in order to show management the benefits ……… proper cash planning. You have worked with accounting and other areas to gather the information assembled below.
The company sells many styles of bracelets ………… $10 price. Actual sales of bracelets for the last three months and budgeted sales for the next six months follow:
July (actual) 20,000
August (actual) 26,000
September (actual) 40,000
October (budget) 70,000
November (budget) 110,000
December (budget) 60,000
January (budget) 30,000
February (budget) 28,000
March (budget) 25,000
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