Live from Las Vegas, Nevada, it's theCUBE covering EMC World 2015. Brought to you by EMC, Brocade, and VCE. Experience that VCE has done for the B-Block and helping to, and some might say, you know, taking solutions almost productizing it some. So it's only appropriate that we have Don Norbeck who's Senior Director with the VCE Solutions Foundation joining us for this first segment. Don, welcome back to theCUBE. Great, thank you. Great to be here and see some good friends that haven't talked to in a long time. Yeah, so you're our first guest that we have on for VCE this week, you know, Praveen, your CEO was prominent in the keynote. And tell us a little bit, you know, what's it like being back at VCE, being inside of EMC? It's been great. It's been a great experience with the acquisition towards the end of last year. It's really kind of clarified our purpose. So if you think about what we've been doing over the last couple of years is converging the infrastructure space. This movement allows us to do that and extend that even further beyond the four walls of what was known as a V-Block. You certainly saw a lot of the announcements. We'll see more of them this week. But it also allows us to extend convergence up into the solution space by taking the practices that we've done of understanding the articulation of the infrastructure four corners and applying that to the solution space by looking at how the solutions need to work together and interact. So it's been a great transition into EMC. Yeah, so, Don, maybe we can talk about how does VCE go up the stack into the applications because we want to talk about databases specifically. You know, why is the various solutions that EMC and VCE, you know, what makes them special for or what kind of effort goes into, you know, making the database work better, the infrastructure manage that? That's a great question. If you look at where we were in the past, we really had two models. The first model was either you do an appliance where you go top to bottom, integrate the stack all the way up, and... You know, Oracle's red stack. They bake the entire thing. They bake the whole thing. I buy it from one vendor. I know that they're going to say nothing works better for Oracle than Oracle. Unless you need Oracle to work with anything else. And then on the other side, the other side of the options in the past were to go full general purpose and try and assemble it yourself. Now, we've all in VCE and EMC have done a great, a great amount of solutions work and a lot of efforts to ensure that Oracle runs best on EMC. Now, what we're trying to do at VCE is to take the best of those both worlds. Instead of having a pure appliance or pure do-it-yourself stack, we're converging the infrastructure pieces to make sure that we can determine which elements of those are appropriate for Oracle or for any database for that matter. And then extend out into the solution space to make sure that the solution stack itself has its own interoperability matrix seats. Then we can test that interoperability matrix with our infrastructure and interoperability matrix and give it a golden alignment between the two. It's like the sphere of convergence is getting bigger and bigger, right? That's what you're doing. Absolutely. It's moving across different stacks when inside the infrastructure. You saw the announcements of the VX racks and it's moving up the stack. Now, that doesn't mean we're just going to create a bunch of new appliances. It's a lot more than that. It's making sure that we have great knowledge around the appropriateness for each of those endpoints, each of those different systems have different purposes, different configurations, different special bits that make them appropriate for different solutions. So we have that full articulation. We know how the solutions work and we combine the two in a way that gives you guidance on which endpoints are best for which applications. Just, I mean, when VC started live through the VBlock, one of the strengths and sometimes people said a weakness was the fact that it was quite uniform and there were limited configurations and I always thought that was a good thing because variances are not about, right? And I guess, you know, one fear I'd love you to explore is if you're adding more and more software, it's getting more and more complex.  Do you see any risks in doing that approach? Well, I think we've learned over the last five years of how to make the systems work within a bounded set. What type of interoperability matrices we have to do, what type of non-reoccurring engineering investments we need to do to make it work. Now we're taking that example that proved the set and expanding it to a broader set of infrastructure. So it's still the same quality-assured, kind of. It's still the same quality-assured. But when the customer gets it, it does more from day one kind of thing. It does more. It has more options from day one. Got you, all right. So it's not just different options of different hardware types or hardware configurations. It's also more options once you establish a system. So we're not in the appliance space where you sell a box and then you can't add anything to it and you can't use it for anything else than what the purpose you bought was. I think sometimes people think that, right? I buy this box that sits in the corner of the center and I don't touch it. I don't think that's the case, is it? That's the case. We've actually swung the pendulum almost to the other side. When we first started out, when you and I were out there talking about these things, customers used to say, I want this to be a V-block. Right. And we'd say, oh, yeah, we can do that. Remember those days? Now customers are coming to us and say, you know the infrastructure. You know the solution space. I want the best infrastructure for these purposes. Can you do that for me? Rather than telling me what DEA's I want. Which is an outcome. And you, right, yes. I mean, that was one of the key messages this morning. Did you hear that loud and cloud today? Absolutely. We always say, you know, we're tired of hearing some of the speeds and feeds on that. How do I move my business faster? How do I turn IT into an enabler for business? So there were a bunch of new announcements. Don, can you walk us through what, you know, the new announcement means specifically for the database environment? I'll focus it back on the database. For database, really what it means is now we have a great line of systems from the 300 series based on VNX, the 500 series based on Xtreme.io, to the 700 series based on VMAX. We also have a new scale out architecture that will be applicable for certain database environments. And those databases environments, you know, databases are going to go through this transformation too, where you can have more scale out than monolithic architectures. And we are well positioned for that. So we're talking about some of the, like, the SQL databases or what can you dig into us a little bit? So it's, I'll take it from where we are today. Over 50% of our Vblocks that we go out to market with and our customers environments, are you use Oracle as a database workload. Now, many of them are in a mixed workload environment where you have Oracle next to a SQL application, next to Exchange, next to something else. But there are some that it is a dedicated environment where we are building the super car. And we're building that infrastructure that hums at millions of IOPS. And we have balanced the two of them. These new announcements that we have gives us more starting points from smaller sized infrastructure to more feature capabilities that wouldn't paint you into a corner that you could only use it for a database or only use it for a flavor of the database in the future. You'd be able to, because we know what the end points look like, we can give you guidance on what other solutions it would be appropriate for. How's that going to affect things like vision? Because vision, I remember being so excited about that when I was at VCE because, is that the old adage, if you've still got 13 element managers, it doesn't look like a block, right? If you can get that one view, that's brilliant. If you're expanding that by adding more and more software, I guess that problem gets more difficult as well, doesn't it? It doesn't, it doesn't. It is some brute force to make sure that you can have the depth of information on all the different components and all the different systems. That's something that we will continue to invest in and continue to expand upon. But where it makes a difference for us is, it gives you that data center view across all the infrastructures that you have. So whether it's a VX rack or a VX block or a V block, you get to get the visibility from an inventory of health and compliance perspective. So, Don, a good question I have for you. When I think back to database, one of the questions we've had for many years is, do I virtualize or do I do bare metal? And I remember talking with VCE in the early days, people forget that even though VMware, of course, is on every V block that ships, you can do physical with the people. And now even with the VX rack, it was one of the key differentiators that I see is as far as I know, it's the only hyperconverged platform built with ScaleIO that can do bare metal. All the rest of them, it's either in the hypervisor or on the hypervisor, but you've got to have a hypervisor. Where are we with kind of the database discussion? How much is physical? How much is virtual? What's that playing out in the customer scene? Excellent question. I still think that physical has a huge play in the database space. And having infrastructures that have the options to support it from a physical, as you make the investments to modernize your applications, some databases will just run better physically and don't have the compelling event to virtualize. Now, we would strongly encourage, because you do get other benefits in terms of operational benefits as well as availability benefits. But the value of VCE and our CI is the ability to support both of them. The loud customers mature at their own pace rather than forcing them to virtualize upfront or forcing them into a stay with the physical approach. So done, we're running low on time here. What I want to ask you is, what about the kind of the operational side of things? Is the DBA still driving a lot of the infrastructure for there? And how has that role been changing over the last couple of years? Well, if you can remember, I think EMC and VCE sponsored a study with Wikibon late last year, where that, and keep me honest with the numbers, but about 50% of the time of a DBA was spent mucking around in the plumbing. Now, why they had to do it is because every time they adjusted something up in the application, it caused a hold down on the plumbing that needed to be adjusted. Data sets needed to move from one class of storage to another class of storage. What if you can get the plumbing right? Day one, that can free up a substantial amount of time from an operation perspective for that DBA to go and really deliver the value to the business, which is in the data sets, which is a new organization of the development of the applications and making sure that those two things work together. You don't want DBAs playing in command lines of the infrastructure. You want them playing in inside their application space. And I think that what we bring to the table from VCE helps minimize the time that they have to spend making the infrastructure appropriate. Comes out of the factory appropriate for that application. All right, well, Don, appreciate so much. All the updates you brought. We will be covering lots more of the Oracle space and lots of the other applications. So stay with us. We'll be right back. Great. Thank you. Thanks, Don. Go good stuff. Hey, great job. Yeah, thank you. Pips around the shop.


As a father of two kids I often find myself asking what advice would I give my children at age 10? What books would I get them to read before 17? What would I tell them at age 20? Just a few days ago I was reading something about parenting when I came across a quote which goes something like this. It is easier to build up a child than it is to repair an adult. With what I know about life, no better way to say it than that. While some people wake up late and finish well, the race of life is often in favour of the people who wake up early. It's almost always better to know some truth when you're in your 20s than later in life. And that's why in today's video I'll be sharing with you some very important advice I would like to give my children before they are 20. 1.  I started in the business world when I was 21 and for eight years I was there in the jungle trying many silly things. I had my first business breakthrough when I was 29 and it was after then I discovered that the advice everyone was giving me wasn't the best. Here's what happened.  I had a dream and that's it. Nobody else mattered to me. I wanted to get out and try stuff. At 30 I was wise enough to know that the decisions I made at 21 were seriously dangerous and that's what happens with most people. Most people don't try silly things when they are young so when they are old enough like 35 they can easily see the tendencies of failures and then the fear of failure keep them from trying. At 20 years you're probably naive about many kinds of stuff and that's fine. You probably have many unrealistic dreams and again that's just what you need. Now that you're young follow your heart and try stuff. You'll make several mistakes but those mistakes will make you smarter and the smarter you are the closer you'll be to succeed.  Two, nurture your mind more than your body. The most apparent thing about being young is your physical strength. As a 20 something year old you're healthy and can jump here and there but beyond that you have a mind that can conquer the world and you have to invest in that mind. I started reading self-help books when I was around 17 and that is probably the best thing that ever happened to my life because it's easier to believe that you can achieve greatness when you're young than later in life. I proceeded from self-help books to business books then biographies and history books. The more I invest in my mind the better my life. Take your personal development seriously, more seriously than anything else. Yes, more seriously than your academics. You see one day when I was in the polytechnic we had the examination for one of the toughest courses in our class within the next few days and there I was reading think and grow rich. One of my friends came to me and asked, are you out of your mind? No, I wasn't out of my mind. I valued my mind and knew that reading and learning about money is what I had to do, even if I had an examination. This is not to encourage you to do what I did but to tell you how vital self-development should be to you especially when you're young. Three, don't think people know what you are capable of. At 21 when I announced to my family that I wanted to build my own company everyone thought I was crazy and as I later discovered they were right. I was out of my mind.  Most people who you'll come across in your life's journey will be pessimistic. They would tell you a million reasons why you can't achieve your dreams and their reasoning will sound as though they know what you are capable of achieving. No, they don't know anything about you, instead they are telling you about themselves because most people have never achieved any significant success in life they think you can't. Please don't listen to them, go for your goals. Four, the best way not to fail in life is to fail. I've made more mistakes in the last 12 years of my life than most adults in the world. I've experienced some horrible situations and failures that most of my mates have never tasted but also have more success than most people in the world. That's the irony of life. If you keep your life you'll lose it. If you avoid mistakes you'll make mistakes. If you avoid failures you'll fail. As a young person the only single way to avoid failing in life is to fail. Don't be too careful. Don't overthink things. Don't wait too much. Don't worry too much.   Take action. Move. Pursue. Yes if you're proactive you'll make more mistakes than most people but you'll also have more success than most people. The best way not to fail in life is to fail a lot when you're young. Five, say no to entitlements. In the culture which I grew up in it's normal for parents to still help their children financially at the age of 30 even till 40 if your parents are rich. At 20 I knew that was going to destroy me. At 21 I announced that I wanted to stop getting any financial aid from my parents. Not just that I never wanted the government to help me in anything nor did I ever want to have employers help me with a job. I started expecting nothing from no one except partnership of course. One of the biggest problems in our world today is the entitlement mentality. Most people point fingers at other people. They blame the government, blame their employers and blame their parents. Now is the time to stop all that nonsense. Nobody owes you anything and earlier you accept this reality the better your life will be. Again it's always more comfortable and better to raise a strong child than to rebuild adults. It's easier and better to understand life and get serious when you're young because the older you get the more challenging your metabolism becomes and the fewer risk you're willing to take. Do silly things now. Take as many risks as you can take now because you have nothing to lose now. Invest time in your mind. Separate yourself a few minutes every day to read and learn. Don't think people know what you're capable of because they don't. They advise you to take it easy because they have always made life easy. The best way to keep your life is to lose it. The best way to succeed in life is to fail massively. Stop expecting people or government to solve your problem. They won't. Seek partnership and investment from people. Seek corporation and people's wisdom. But never fold your hands and wait for someone to help you out because no one will. If this video makes sense to you don't forget to subscribe to our channel. We love you.


Thanks again


It was a community-wide Christmas celebration tonight in Crosby and it featured everything from sleigh rides and ice skating to real reindeer. The event that used to be called Christmas in the Park was held at Hartwood Senior Living Center tonight and brought out about a thousand people, actually more than a thousand people. The event was free and offered a variety of activities, crafts, caroling and entertainment. The Crosby-Irenton Chamber Singers, Lifespring Church Bell Choir, just for kicks in the community band performed on the main stage. I think it goes back to, you know, we have an incredible privilege when people put the trust in us to take care of not only themselves but their loved ones and it's just a nice way for us to give back to the community and thank them for letting us provide that to them.


If you're looking for expert legal answers to all your property related questions, then stay tuned. It's lovely to welcome you back to another of your Property Rights podcasts. Hello, I'm Paul Rotherham and this show proudly brought to you by Private Property. Hello again, Silner. Hey Paul, always nice to be with you. It's always lovely to have you in studio. Thanks so much for being here and giving up your time. I know you are an important person and very busy as the MD of SSLR Incorporated Attorney, Silner Stain is our expert property lawyer, specifically focusing on rentals and evictions, but we do cover all sorts of topics, so thank you, Silner, for your time. Only a pleasure. Today's topic, oh, I could get riled over this and worked up about this, a lovely question that's come in regarding a tree and I think you'll know where I'm going with this. I'm going to read it as it is.  The branches of said tree extend into my garden, shedding leaves and debris into my swimming pool. This constantly clogs up my pool pump, which has needed multiple repairs as a result.  When I tried to discuss this with my neighbor, I was told to, in quotes, just get a swimming pool cover. This is yet another expense I simply cannot afford. The question then for you today, Silner, on your property rights podcast is this, what can be done about this overhanging tree and the resultant damage and debris and who is liable for the damages, including the damages to the pool pump? The person ends by saying, I'm losing my patience, which we don't want. Let's try and sort this out. How do we do it? Well, neighbor law is one of the most sensitive parts of the law that exists, because we all know the relationship between neighbors are extremely sensitive. I remember in another episode, we've discussed this as well. Yes. That was the barking dogs, as I recall. That's exactly and you specifically said, remember not to get into a fight with somebody today who might have to help you out tomorrow. And that is essentially what the thing is when it comes to neighbor law. So in other parts of the law, it's quite simple to go to an attorney during a grace of later and see if you can solve the problem. When it comes to neighbors, obviously you have to do it a bit more gentle and a bit more polite. Now in this context, it sounds like the listener already did that. Try to contact the neighbor, try to get the problem resolved. And clearly the neighbor is just saying, well, this is sort of a you problem. Now the good news, Paul, is luckily this is our listener problem and not the neighbor's problem. And what I'm saying luckily is now we can do something about it. Give us the solution. The solution is quite simple. A tree that is overhanging from one property onto the other property is the owner of the land where the roots are is the owner of the tree. But any branches that extends over your boundary line. So be it a wall, be it a fence, even be it just a boundary line, like in a in a complex where you don't have walls or something like that. Anything that's over your property line, so over your boundaries, you are allowed to trim that. But here's the fun fact that I think you're going to I'm going to get a nice smile from your side on this one because the Romans, when they they figured this part of the law out, obviously they weren't as many people as we currently have. They were much fewer people in societies. They were much closer and and the law is as much as it's developing. Some parts of it are still pretty archaic and this is one of them. And this is why I think it's going to make you smile. Theoretically, the branches of the trees that you're now cutting off still belongs to the owner of the tree. I know where this is going. So what what happens is you're not actually entitled to the fruits of the tree. So say for instance, this is a pomegranate tree. Look at me now being very specific. It couldn't just be like an apple tree is me being technical on on fruits. But you're not allowed to take the fruits from the tree. So on the overhanging branches, you're not allowed to pick it. However, when it falls from the tree and it falls onto your earth, you can pick it up and it's yours now. But here's the fun part of the story. Strictly in law, if you are now cutting the trees through fruits or not from the neighbor's tree, you are in fact in law obliged, not just entitled obliged to return. I love where this is going.  Well, I wouldn't chuck it over the wall. I might actually consider delivering it to the front door. I'm just saying I'm not encouraging bad behavior. Yes, I'm just saying it's one of those parts of the law where you can now clearly OK, this is the rule. But practically, this can blow up in your face immensely. Yes, if you have an overhanging tree, guess what your neighbor is going to be doing at the first available opportunity if you've been rude and unneighbally. Trust me, they're going to reply in the same way. Exactly. And that's exactly why I think it's so relevant to know because from both sides of the fence, I'm I'm loving this question. I'm just rolling with him here. So on both sides of the fence, you have a potential benefit and a risk. But remember, this is how the law works. We have rights as well as obligations. So as the neighbor with the overhanging parts of the tree damaging your swimming pool, remember, you have an obligation and a duty to do your own gardening. So to leave those branches to cause damage to your swimming pool, to your pool pump, to your creepy crawly. Unfortunately, those damages must be carried by you because you had an obligation to trim and manage those branches on your side of the fence before it became a problem. Got you. And in fairness, if you run out every Saturday morning with a pruning scissor, look at me now. Cheers, yes. Gardening cheers or secateurs. We're going to teach you a thing or two about gardening on this show, see, now I know more about gardening. Thank you, Paul.  So I definitely encourage our listeners to keep it close eye on neighbor trees. And when they start coming into your part of the onto your if trim them in time before it becomes a problem, if you buy a property and you had nothing to do with this problem now, so you buy the property and they are these branches hanging over. I would definitely encourage you to contact the neighboring party and say, listen, neighbor, I am a new person. I really don't want to start this relationship off on a bad foot. Let's do this. I want to trim them. But now it seems like the tree is going to fall over to my side. If I do this, can you and I come to an arrangement? We get a tree, fellow, we we prune him back properly. So I don't cause damages by trimming the one half of the tree. And now it's going to fall over the wall. And now all drama is going to it's going to break loose. And we're going to read about this in Aisgenwet. So what I what I recommend is at that point, contact the neighbor, see if you can come to some sort of solution. If you can't, you're entitled to trim. I would then say, just do a polite later indemnifying yourself to say, I've tried to communicate with you. I'm now getting in three fellas. I will return the branches to your doorstep politely as I should in terms of law. But if it collapses because you didn't want to come in and assist with the pruning on your side of the wall, I indemnify myself and should they be damaged to the wall then or anything else. Please note that you will be responsible for those damages. And the death person cannot be held accountable. So I think to answer this question in short, unfortunately, the damages to the pool pump are going to be for your account. A quick question relating to this, if said neighbor has a huge tree and that tree is well within their property, but on a windy day, there are leaves galore in autumn being blown across from their property into my pool. It's not through my negligence of not trimming the branches. It's far away. Would I have anything to say in that instance? Or is it just rotten luck that I happened to have purchased a home next to someone with a big tree? Is that just how it goes? It's it's rotten luck on your pool, but yay for your neighbor for providing that kind of oxygen to you. And I let me just state for the record, I'm one of those tree hugging people. I've had neighbors who've moved in and one of the first things that they've done is either prune or trim or cut down completely the trees. And for me, I can relate to this question. I really can because I think we all love the trees. We love the bird life it attracts, especially in the suburbs. We love the shade that those trees provide during a hot summer's day. And I think ultimately we just want to be able to get on with each other, but not go through the frustrations of having a swimming pool that is permanently clogged. So I do get that. Unfortunately, though, in this instance, the right thing to do is to trim the branches yourself, keep those nice and trimmed and cut back with a proper pair of shears or secateurs. Very good. You've been listening. And ultimately, for now, fix the pump yourself. It's water under the bridge, as it were. So thank you, Silne. It's a pleasure. Thank you for the question. It was a fun one. If you'd like to continue asking questions and commenting on this, you can join in the conversation or, hey, why don't you start a conversation on our private property Facebook page? We would love to hear from you your thoughts regarding your property rights. After all, that's what the show is. It is your property rights podcast. I'm Paul Rotherham and the show is proudly brought to you by Private Property.  Leave a comment or ask a question to join the conversation.


So the purpose of the Marine Corps Martianship Competition is to essentially spread and put awareness for the competition and arms program as well as provide advanced Martianship instruction to the Marines across the force. So since we have it in usually major geographic regions that Marine Corps operates bases out of, we use that in order to facilitate advanced training to Marines across the total force. So we started the competition by shooting an ARQ. First day was zeroing, we then prequel and we moved into three days of training for the specific disciplines. So the Marines came to a single stage where they learned a single discipline for an entire day. The next day they would switch to another discipline and then after that it would be the final discipline. After that training days have been conducted we moved into qualification where we are now testing the concepts that we just taught to them to make sure that there are one holding onto it and two this is now improving the ARQ score. We take what we do during the day and now we have complete darkness and we try to let them do it and at the same speeds still trying to do or utilize the same concepts. Now we're looking through MBGs and we're using laser. We're using the team-its or marathon moving targets that provide instant feedback. You're able to program them a lot more at various speeds, various ranges and give them some tools to help effectively engage them and calculate both their speed and distance. Our entire goal as a shooting team when we put these on is to make sure that we provide instruction and the challenging environment which is going to build upon what Marines already know and build upon what we teach them. You're seeing Marines get better and excited about getting better at the craft but also it's really positive both me and my guys to know that we're doing the right thing. We're providing good instruction and it's too fast and accurate.


Hello in this lecture we're going to look at the master budget part six budgeted balance sheet if you haven't taken a look at the other five you might want to take a look at those first because we will be using components of those in order to compile the balance sheet at the end of this we will be able to list components of the master budget and compile the budgeted balance sheet this is going to be the components here we started with this sales budget we need to do it in this order sales budget then we had the production budget and then the production budget will be used to make the direct materials budget the direct labor budget the overhead budget as well as the capital expenditures budget the selling and administrative budget then we're going to have the cash budget then we can put together the statements the balance sheet budget and the budgeted income statement as well as the cash flow we also had some other worksheets in order to calculate the income statement we wanted to calculate the cost of goods sold in order to do that we needed to have the cost of goods manufactured so that's going to be the process that we're going through in this case and this one we're going to focus in on the balance sheet putting a lot of the stuff together in terms of the balance sheet remember when we think about the budget we often think about the income statement how we're going to perform over time the balance sheet is going to be where we are at as of the end of that point in time where we're going to be standing once the budget time period is over in terms of a balance sheet perspective all right so we have done this so far we've already done the sales budget that's number one step one we did step two we used that to do the production budget then we have the raw materials budget the direct materials budget and then the factory overhead budget the selling expense budget the general and administrative expense budget we used that to create the cash budget here and then the budgeted cost of goods manufactured so that we can get the cost of goods manufactured number that we would then use to calculate the cost of goods sold number we use that to then calculate the income statement so we've done all that so far we're going to bounce back and forth to some of these items in order to use them to create the balance sheet the point we are at at the end of the time period of course so balance sheet at the end of our budgeted time period where do we stand after this time period that we are budgeting for this quarter is ended that's what we're looking at we're not the assets will be the current assets going to start off with cash cash will be coming from the cash budget so cash budget we have the 40 000 that's where this 40 000 is here don't confuse that with the 40 000 at the beginning of last time's balance sheet so this is the balance sheet last at the end of last period which is of course the beginning numbers for this period the reason it's the same is because remember that's our minimum balance so it happens to be that we needed to take out a loan to get to 40 000 and because that's our minimum balance so don't get confused that that's the same 40 it's not the same 40 uh this is the beginning 40 this is the ending 40 the reason they're the same is because we made it the same in order to keep our minimum balance at 40 by taking out a loan in this case the loan at the end for that 8 160 all right then we got the accounts receivable we're going to have to do a bit of a calculation to figure out what the ending balance in the accounts receivable is so what we're going to do is we're going to take the beginning receivable which is going to come from last times accounts receivable so we had the balance sheet as of the end of last period which is of course the beginning of this period at 342 248 that's where we start and then we're going to add to that the credit sales so we're going to have to figure out what the credit sales are a problem's going to have to give you that in real life we're going to have to of course estimate that in this case the problem said that we have 1,447,200 in sales given by the sales budget here so here's the sales budget giving us this number here and we said that 70 percent of that the problem said was going to be on account therefore those are sales that are going to increase accounts receivable so here's where accounts receivable started then we had the sales on account increase in the receivable and then we have the cash collections from credit sales so we had to figure that out and we've done that in the past we did that on the total cash receipts from customers calculation here and so if we add these up that's what we received in terms of cash so of course that's going to be what's reducing the accounts receivable so if we take this and make it a bit larger like this we're going to say that the 342248 plus 346080 plus 329280 is going to give us this 1,017608 and then if we do the calculation we started off with 342248 people on us money plus 1013040 that's what increased accounts receivable those are the sales on account minus what people paid us which was 10170608 and that should give us the ending balance of<PHONE_NUMBER>80 that's our ending receivable so we got to go through a bit of a calculation to get that that's what we're going to be out here on our balance sheet there's the ending receivable next item raw materials we're going to take that from step three in our budgets which is raw materials budget and we're going to take the ending balance in terms of units here and multiply it times the 21 per unit price and that will give us our ending balance of the 84,000 in this case so remember what we're looking at is where we stand as of the end of the time period that's what the balance sheet is in terms of the budget of balance sheet so we're going to take our ending amount here that's what we're going to have on the balance sheet at the end of the time period then we've got the finished goods inventory finished goods inventory we could take from the cost of goods sold calculation where we have here and this is going to be have to be something that's given in the problem it's going to have to be something that we will estimate in real life what's going to be in the ending finished goods inventory and then if we add up the total current assets then we can take out the calculator here and that would be the 40,000 plus the 337,680 plus the 8400 plus the 321360 gives us the 783040 that's our total current assets then we're going to have the equipment so we're going to look in there's a property plant and equipment we can get that