Solution
SARASOTA COMPANY | ||
Cash Budget | ||
For january and February' 2017 | ||
January | February | |
Beginning cash | $ 59,985.00 | $ 36,657.00 |
Cash Collections | $ 113,305.00 | $ 199,950.00 |
Sales for marketable securities | $ 15,996.00 | |
Available cash balance | $ 189,286.00 | $ 236,607.00 |
Cash Disbursements for | ||
Direct material | $ 66,650.00 | $ 99,975.00 |
Direct Labor | $ 39,990.00 | $ 59,985.00 |
Manufacturing Overheads | $ 25,994.00 | $ 31,326.00 |
Selling and Administrative expenses | $ 19,995.00 | $ 26,660.00 |
Total cash Disbursements | $ 152,629.00 | $ 217,946.00 |
Ending Cash Balance before financing | $ 36,657.00 | $ 18,661.00 |
Minimum Cash Balance Desired | $ 26,660.00 | $ 26,660.00 |
Projected cash Excess (deficit) | $ 9,997.00 | $ (7,999.00) |
Financing | ||
Borrowing | $ 7,999.00 | |
Principal repayments | $ - | $ - |
Total Effects of Financing | $ - | $ 7,999.00 |
Ending Cash Balance | $ 36,657.00 | $ 26,660.00 |
Sarasota Company expects to have a cash balance of $59,985 on January 1, 2017. Relevant monthly...
Flounder Company expects to have a cash balance of $52,470 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $99,110, February $174,900. Payments for direct materials: January $58,300, February $87,450. Direct labor: January $34,980, February $52,470. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,486, February $29,150. These costs include depreciation of $1,749 per month. All other overhead costs are paid as incurred....
Danner Company expects to have a cash balance of $52,965 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $100,045, February $176,550. Payments for direct materials: January $58,850, February $88,275. Direct labor: January $35,310, February $52,965. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,717, February $29,425. These costs include depreciation of $1,765 per month. All other overhead costs are paid as incurred....
Indigo Company expects to have a cash balance of $45,810 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $86,530, February $152,700. Payments for direct materials: January $50,900, February $76,350 Direct labor: January $30,540, February $45,810. Wages are paid in the month they are incurred. Manufacturing overhead: January $21,378, February $25,450. These costs include depreciation of $1,527 per month. All other overhead costs are paid as incurred...
Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $109,650, February $193,500. Payments for direct materials: January $64,500, February $96,750. Direct labor: January $38,700, February $58,050. Wages are paid in the month they are incurred. Manufacturing overhead: January $27,090, February $32,250. These costs include depreciation of $1,935 per month. All other overhead costs are paid as incurred....
Johnson Company expects to have a cash balance of $51,300 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows: Collections from customers: January $96,900, February $171,000 Payments for direct materials: January $57,000, February $85,500 Direct Labor: January $34,200, February $51,300. Wages are paid in the month they are incurred. Manufacturing overhead: January $23,940, February $28,500. These costs include depreciation of $1,710 per month. All other overhead costs are paid as incurred....
Danner Company expects to have a cash balance of $58,005 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $109,565, February $193,350. Payments for direct materials: January $64,450, February $96,675. Direct labor: January $38,670, February $58,005. Wages are paid in the month they are incurred. Manufacturing overhead: January $27,069, February $32,225. These costs include depreciation of $1,933 per month. All other overhead costs are paid as incurred....
Danner Company expects to have a cash balance of $46,035 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows: Collections from customers: January $86,955, February $153,450. Payments for direct materials: January $51,150, February $76,725. Direct labor: January $30,690, February $46,035. Wages are paid in the month they are incurred. Manufacturing overhead: January $21,483, February $25,575. These costs include depreciation of $1,535 per month. All other overhead costs are paid as incurred....
Danner Company expects to have a cash balance of $46,350 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $87,550, February $154,500. Payments for direct materials: January $51,500, February $77,250. Direct labor: January $30,900, February $46,350. Wages are paid in the month they are incurred. Manufacturing overhead: January $21,630, February $25,750. These costs include depreciation of $1,545 per month. All other overhead costs are paid as incurred....
Danner Company expects to have a cash balance of $54,450 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $102,850, February $181,500. Payments for direct materials: January $60,500, February $90,750. Direct labor: January $36,300, February $54,450. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,410, February $30,250. These costs include depreciation of $1,815 per month. All other overhead costs are paid as incurred....
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