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Author Question: Williams Company makes and sells laundry duffel bags. Each duffel bag sells for $20 and has a unit ... (Read 52 times)

903f23fj0

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on: Feb 5, 2023
Williams Company makes and sells laundry duffel bags. Each duffel bag sells for $20 and has a unit variable cost of $12. The company has provided the following budgeting data for March:

Sales (all cash sales)$34,000
Cash balance on March 14,000
Cash disbursements during the month ​36,000
A minimum cash balance on March 314,000
If necessary, Williams will borrow cash from the local bank in multiples of $1,000.

Required:

a.How many units did Williams budget to sell during March?
b.What is Williams' budgeted cash balance at the end of the period before borrowing?
c.How much should Williams budget for borrowing in January?
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by 903f23fj0 on Feb 5, 2023

ElaneShive

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Reply #1 on: Feb 5, 2023
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903f23fj0

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

Zebsrer

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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