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The Colson Company has budgeted sales for the year as follows:
The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units.The finished goods inventory at the start of the year is 3,000 units.Scheduled production for the second quarter is (in units) :
Capital Expenditures Budget
A budget that plans for investments in long-term assets like equipment, buildings, and machinery essential for the business's operations and growth.
Operating Budgets
Financial plans for the day-to-day activities of a business, outlining expected revenues and expenses.
Cash Budget
A financial plan that estimates cash inflows and outflows over a specific period, often used to assess liquidity and manage cash efficiently.
Capital Expenditures Budget
A budget that outlines planned investments in fixed assets, such as machinery, equipment, or buildings, essential for long-term business operations.
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