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Complete the Budget in a Service Company (Cash Budget) assignment. Please use the template provided below.
The assignment has 2 parts.
Part 1 – Complete the budget
Hint: The 2-month budget should start with the January beginning balance and the February ending balance should a be the ending balance for the two months combined column. DO NOT just add the January and February numbers across. Complete the 2-month budget using all the information given in the instructions.
Part 2 – Analysis Add a brief explanation of the budget.
Add an explanation of the budget just like what you should do if you were in a meeting with senior management and you were the accountant who was tasked with presenting the budget. Make appropriate suggestions on ways to improve cash flow in future months. Put that explanation on the page below the budget that you have prepared or attach a separate word document. See instructions for more information.
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