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nekathadon
21.07.2019 •
Business
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. selling and administrative expenses: january $19,335, february $25,780. these costs are exclusive of depreciation. they are paid as incurred. sales of marketable securities in january are expected to realize $15,468 in cash. danner company has a line of credit at a local bank that enables it to borrow up to $32,225. the company wants to maintain a minimum monthly cash balance of $25,780. prepare a cash budget for january and february. (do not leave any answer field blank. enter "0" for amounts.)
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Ответ:
Here is the cash budget for Danner Company:
DANNER COMPANY
Cash Budget
For the Two Months Ending February 28, 2017
January February
Beginning cash balance 58,185 35,557
Receipts
Collections from customers 109,905 193,950
Sale of investment 15,516 -
Total receipts 125,421 193,950
Total available cash 183,606 229,507
Less: Disbursements
Payments to suppliers 64,650 96,975
Wages …………………………...38,790 58,185
Administrative expenses 25,214 30,386
Selling expenses 19,395 25,860
Total disbursements 148,049 211,406
Excess of available cash
over disbursements 35,557 18,101
Financing - 7,759
Ending cash balance 35,557 ... 25,860
Ответ:
92
Step-by-step explanation:
1
44
48+
92