Dickson Company Has the Following Projected Account Balances for September

question 12

Essay

Dickson Company has the following projected account balances for September 30 of the current year:
Required:
$\begin{array}{llr}\text { Accounts payable } & \$ 20,000 \text { Sales } & \$ 400,000 \\\text { Accounts receivable } & 50,000 \text { Capital stock } & 200,000 \\\text { Depreciation, factory } & 12,000 \text { Retained earnings (beginning) } & 64,000 \\\text { Inventories (8/31) } & 90,000 \text { Maintenance, factory } & 14,000\\\text { Inventories }(9 / 30) & 90,000 \text { Cash } & 28,000 \\\text { Materials used } & 100,000 \text { Equipment, net } & 120,000 \\\text { Office salaries } & 40,000 \text { Buil dings, net } & 200,000 \\\text { Insurance, factory } & 2,000 \text { Utilities, factory } & 8,000 \\\text { Factory wages } & 70,000 \text { Selling expenses } & 30,000 \\\text { Bonds payable } & 80,000 &\end{array}$ A. Prepare a budgeted income statement for the month ended September 30 .
B. Prepare a budgeted bal ance sheet as of September 30 .

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Definitions:

Internal Validity

The degree to which a study or experiment accurately demonstrates a causal relationship between the variables being tested, without the influence of external factors.

External Validity

The extent to which the findings of a study can be generalized to other settings, populations, or time periods.

Double-masked

A study design where neither the participants nor the experimenters know who is receiving a particular treatment, used to prevent bias.

Epidemiological

Relating to the study of how diseases affect the health and illness of populations.