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Exercise 13-15 Blue Corporation is projecting a cash balance of $38,460 in its December 31, 2016, balance sheet. Blues sched

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Cash Budget- Blue Corporation
Particulars Amount
Beginning Cash Balance (a) $38,460.00
Add: Receipts
Collection From Customers $237,170.00
Sale Of Equipment $3,846.00
Total Receipts (b) $241,016.00
Total Available Cash (c=a+b) $279,476.00
Less: Disbursements
Direct Material $55,126.00
Direct Labour $89,740.00
Manufacturing Overhead $44,870.00
Selling And Adminitrative Overhead $57,690.00
Purchase Of Securities $17,948.00
Total Disbursements (d) $265,374.00
Excess Of Available Cash Over Disbursements (e=c-d) $14,102.00
Financing
Add: Borrowing (f-e) $17,948.00
Less: Repayments $0.00
Ending Cash Balance (f) $32,050.00
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