BUSINESS 114 – Accounting for Decision Making 1 FIRST SEMESTER 2024Prolog

Java Python 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):

	Total Sales	Credit Sales (30%)	Jan	Feb	Mar
January
February
March
Total

(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

(c) Prepare another expenses budget for general expenses for the first quarter of 2024