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: 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?

Question

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:  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?

Quizplus · Accepted Answer

The Answer of 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:  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?

Williams Company Makes and Sells Laundry Duffel Bags