讲解 BUSINESS 114 – Accounting for Decision Making Assignment 1 FIRST SEMESTER, 2024讲解 R编程

BUSINESS 114 – Accounting for Decision Making

Assignment 1

FIRST SEMESTER, 2024

Due date: 4 pm (NZT) 22 March 2024

1. Budgeting and Professional Emails: 21 marks

(a) Prepare a Sales budget for the first quarter of 2024. (5 marks)

Sales Budget

	Jan	Feb	Mar	First Quarter
Multigrain Bread – Budgeted sales units
Budgeted selling price per unit
Multigrain Bread – Budgeted sales revenue $
Blueberry Muffins – Budgeted sales units
Budgeted selling price per unit
Blueberry Muffins – Budgeted sales revenue $
Cinnamon Rolls – Budgeted sales units
Budgeted selling price per unit
Cinnamon Rolls – Budgeted sales revenue $
*= Total Budgeted sales revenue $*
*Expected cash collections* *(cash sales) 70%*
*Expected cash collections (credit sales)*

Expected cash collections (credit sales):

(b) Prepare an Inventory purchases budget for the first quarter of 2024. (3 marks)

Inventory Purchases Budget

	Jan	Feb	Mar	First Quarter
Multigrain Bread – Budgeted purchases units
Budgeted purchase cost per unit
Multigrain Bread – Budgeted cost of purchases $
Blueberry Muffins – Budgeted purchases units
Budgeted purchase cost per unit
Blueberry Muffins - Budgeted cost of purchases $
Cinnamon Rolls – Budgeted purchases units
Budgeted purchase cost per unit
Cinnamon Rolls - Budgeted cost of purchases $
*= Total Budgeted cost of purchases $*
*Expected cash payments*

Other Expenses Budget (general expenses)

	Jan	Feb	Mar	First Quarter
Salary expense $
Shop rental expense $
Other expenses $
Insurance expense $
Total Other expenses (general)
*Expected cash payments for Other expenses (general)*