Do cash budget, income statement and balance sheet and your assumption in the corresponding statement
Focus on the case Chefas Toolkit Inc.(I will add the case)
1. Prepare monthly cash budget for the period August 1, 1994 to July 31, 1995 using 10,000 units per month.
2. Prepare a projected income statement for the period ended July 31, 1995, and a projected balance sheet as of July 31, 1995.
Include your assumptions in the corresponding statement.