Doggy World operates a chain of pet stores in the Midwest. The manager of each store reports to the regional manager, who in turn reports to headquarters in Chicago, Illinois. The actual and budgeted income statements for the Dayton store, the Ohio region (including the Dayton store), and the company as a whole (including the Ohio region) for July 2011 are:
The budget committee of Berg Office Supply has assembled the following data. As the business manager, you must prepare the budgeted income statements for May and June 2011.
Box Printing of Bloomington has applied for a loan. Bank of America has requested a budgeted balance sheet at April 30, 2011, and a budgeted statement of cash flows for April. As Box's controller, you have assembled the following information: