Your assignment is to interview the person representing a different culture (in person, via phone/ Internet/Skype) The use of cross-cultural interviews is a good way to bring the world full of extraordinary people into our classroom. Interviewing people could become your future educational research tool. You might want to interview people formally and informally to get the insider knowledge of the new field/issue/dilemma. The unique value of interviews stem from the connecting with the real world in a meaningful and enjoyable way. 

write fake interview questions and answer them yourself .

I attach more instructions, PLEASE THE READ BEFORE STARTING. EMAIL ME FOR HELP IF NEEDED  

Hillyard Company, an office supplies specialty store, prepares its master budget on a quarterly basis.  The following data have been assembled to assist in preparing the master budget for the first quarter:

1. As of December 31, (the end of the prior quarter), the company’s general ledger showed the following account balances: 
   Cash $48,000 (debit)
   Accounts receivable $224,000 (debit)
   Inventory $60,000 (debit)
   Buildings and equipment, net $370,000 (debit)
   Accounts payable $93,000 (credit)
   Capital stock $500,000 (credit)
   Retained earnings $109,000 (credit)
2. Actual sales for December and budgeted sales for the next four months are as follows:  December $280,000, January $400,000, February $600,000, March $300,000 and April $200,000.
3. Sales are 20% for cash and 80% on credit.  All payments on credit sales are collected in the month following sale.  The accounts receivable at December 31 are a result of December credit sales.
4. The company’s gross margin is 40% of sales.  (In other words, cost of goods sold is 60% of sales.) 
5. Monthly expenses are budgeted as follows:  salaries and wages, $27,000 per month; advertising, $70,000 per month; shipping, 5% of sales; other expenses, 3% of sales.  Depreciation, including depreciation on new assets acquired during the quarter, will be $42,000 per quarter.
6. Each month’s ending inventory should equal 25% of the following month’s cost of goods sold.
7. One-half of the month’s inventory purchases is paid for in the month of purchase; the other half is paid in the following month.
8. During February, the company will purchase a new copy machine for $1,700 cash.  During March, other equipment will be purchased for cash at a cost of $84,500.
9. During January, the company will declare and pay $45,000 in cash dividends.
10. Management wants to maintain a minimum cash balance of $30,000.  The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month.  The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded.  The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter.

Required:

Using the data above, complete the following statements and schedules for the first quarter. Submit your responses in an Excel spreadsheet:

1. Schedule of expected cash collections
2. Merchandise purchases budget

1. Schedule of expected cash disbursements-merchandise purchases

1. Schedule of expected cash disbursements-selling and administrative expenses

1. Cash budget:

Provide your answers in a clearly organized Excel spreadsheet. Provide your answers in a clearly organized Excel spreadsheet