Question 1 in this assignment will not be graded. However you NEED it for the facts of the problem assigned specifically to you and you will use it to check answers from the excel spreadsheet. You will turn in the excel spreadsheet as your Budget Project, part 1 and THAT will be graded.

Once you get the correct numbers in your spreadsheet you do not to to re-enter them below. Just enter the numbers you are still needing to check. (Remember, Question 1. is not graded.)

Question 2 in this assignment must be completed in OWL and is GRADED. Your points on this question are your grade for Budget Project, part 2.

Save your excel budget as you go. You will need it to complete OWL question 2, as well as to turn in as Budget Project, Part 1.

----

Fabulous is a retail company that sells specialized gardening products. The company is considering opening a new store on October 1, Year1. As budget coordinator, you have been asked to prepare a master budget for the first 3 months of the company’s operation. You have gathered the following information:

October sales are estimated to be $500000 of which 45 percent will be cash and the remainder will be on credit. The company expects all sales to increase at the rate of 10 percent per month for November and December. Sales in January Year 2 are expected to be $400000.

The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale.

Prepare a sales budget and a schedule of cash receipts using these facts and your excel template. Check your answers here before moving to the next part, by completing the cells requested in the chart below.

The cost of goods sold is 80 percent of sales. The company desires to maintain a minimum ending inventory equal to 30 percent of the next month’s cost of goods sold. (Ending inventory for December is based on budgeted January Year2 sales.)

Assume that all inventory purchases are made on account (on credit). The company pays 40 percent of accounts payable in the month of purchase and the remaining amount in the following month.

In excel, prepare an inventory purchases budget and a cash payments budget for inventory purchases. Use the check figures below before you continue.

Budgeted selling and administrative expenses per month follow.

• Salary expense (fixed): $ 38400
• Sales commissions:  5 percent of Sales
• Supplies expense:   2 percent of Sales
• Utilities (fixed): $3200              
• Depreciation on store equipment (fixed)*:   You compute    
• Rent (fixed) $ 12000          
• Miscellaneous (fixed): $ 2000      

*The capital expenditures budget indicates that the company will spend $900000 on October 1 for store fixtures, which are expected to have a $24000 residual value and a 96 month useful life.

Utilities and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred.

In excel, prepare the selling and administrative expenses budget and the cash payments budget for selling and administrative expenses. Check the key figures below.

Fabulous issued common stock for $600000 on October 5.

A dividend of $2600 was paid on December 15.

The company borrows and repays funds in increments of $1,000 on the last day of the month. The company also pays its vendors on the last day of the month. It pays interest of 1percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $40000 cash cushion.   

Prepare a cash budget on your excel template. Check key figure below.

What is the electron configuration of Co^2+ ?

You found your dream house. It will cost you $300000 and you will put down $50000 as a down payment. For the rest you get a 30-year 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)?

You found your dream house. It will cost you $300000 and you will put down $30000 as a down payment. For the rest you get a 30-year 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)

You found your dream house. It will cost you $200000 and you will put down $40000 as a down payment. For the rest you get a 30-year 5.5% mortgage. What will be your monthly mortgage payment in $ (assume no early repayment)?

During non-sense mediate decay, how does the cell physically detect early stop codons.

a-Translational Release Factors

b-PolyA binding protein

c-Exon Junction Complex

d-CP80 Cap binding protein.

Please provide brief written descriptions for each of the following cyclone stages, and outline how a cyclone progresses through each of these stages:

1. Early Stage

2. Open Wave Stage

3. Occluded Stage

4. Dissipating Stage

Early in the class, we identified the primary goal of a financial manager as maximizing shareholder wealth. Having now completed the class, explain whether or not you feel this is the appropriate goal for a company. Provide a minimum of 2 reasons to support your answer.

• Rock star, Prince, passed away in early 2016. Investigate public information available on the internet and make a posting regarding the effectiveness of his estate planning.
• Does it appear that his estate was properly protected for his heirs? Why or why not?

The relationship between diabetes mellitus and pregnancy. How metabolism of food is altered during early pregnancy and late pregnancy is slightly confusing to me. I didn’t quite understand how the insulin is affected during this time. PLEASE INCLUDE THE REFERENCE