Can you guys help me with this accounting problem?
Note: The case is given in the picture
(i). Prepare a complete Master Budget for Bengal Corporation, for the third quarter of the year
2020, concluding with the Cash Budget (Do not have to prepare the Budgeted Income Statement
and Budgeted Balance Sheet). You must show the working of Expected Cash Collection form sales ,
as well as Expected Cash Payments for purchasing Direct Materials.
(ii). Calculate the production cost/ unit of Bengal Corporations finished goods. What is be the cost
of budgeted finished goods inventory?
(ii). Describe how creating a master budget can be helpful for a company. Explain, in detail, how
each component of the master budget flow works and how they are interconnected with each other.
(You must write a minimum of 300 words with no upper limit)
(iii). Identity at least two possible ways Bengal Corporation can overcome the issue of cash
deficiency the company might face (in the month of September) while operating the business. You
must explain in detail how your stated solution can help the company overcome its cash deficiency
problem. (You must write a minimum of 300 words with no upper limit)