In: Accounting
Lunar Artistry Company needs to purchase new etching and finishing equipment. The owners hope to finance the costly equipment with cash on hand and a short term loan from Erie Bank. The CFO of Lunar Artistry Company has recently completed the sales forecast. She projects sales to increase by 10% each month over the previous month sales for the first quarter with the remaining months remaining constant.
The controller has been asked to prepare the master monthly budget for the first quarter 2021. In the process, the controller has accumulated the following information:
REQUIRED: