Question 4 of 5 < > 1.8/5 I Danner Company expects to have a cash balance of $47,250 on January 1, 2020. Relevant monthl

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Question 4 Of 5 1 8 5 I Danner Company Expects To Have A Cash Balance Of 47 250 On January 1 2020 Relevant Monthl 1 (27.71 KiB) Viewed 10 times

Question 4 Of 5 1 8 5 I Danner Company Expects To Have A Cash Balance Of 47 250 On January 1 2020 Relevant Monthl 2 (33.94 KiB) Viewed 10 times

Question 4 Of 5 1 8 5 I Danner Company Expects To Have A Cash Balance Of 47 250 On January 1 2020 Relevant Monthl 3 (40.04 KiB) Viewed 10 times

Question 4 Of 5 1 8 5 I Danner Company Expects To Have A Cash Balance Of 47 250 On January 1 2020 Relevant Monthl 4 (32.19 KiB) Viewed 10 times

Question 4 of 5 < > 1.8/5 I Danner Company expects to have a cash balance of $47,250 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $89,250, February $157,500. Payments for direct materials: January $52,500, February $78,750. Direct labor: January $31.500, February $47.250. Wages are paid in the month they are incurred. Manufacturing overhead: January $22,050, February $26,250. These costs include depreciation of $1.575 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $15,750, February $21,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $12,600 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $26,250. The company wants to maintain a minimum monthly cash balance of $21,000. Prepare a cash budget for January and February
Disbursements Manufacturing Overhead Total Receipts Beginning Cash Balance Selling and Administrative Expenses Direct Materials Total Available Cash Direct Labor Collections from Customers Ending Cash Balance Financing Receipts Borrowings ✓ Repayments Sale of Marketable Securities Total Disbursements Excess (Deficiency) of Available Cash Over Cash Disbursements $ 2013 January 47,25 89,25 12,600 149.100 52,500
Question 4 of 5 Prepare a cash budget for January and February. inning Cash Balance :: Receipts lections from Customers of Marketable Securities al Receipts Jayments :: Sayments set Labor Repayments DANNER COMPANY Cash Budget For the Quarter Ending February 28, 2020 January 47.250 89,250 12,600 149.100 52,500 31,500 20,475 $ 1.8/5 February 28.8 1575 186,3 78,7 47,2 24,6
Question 4 of 5 ct Labor ect Materials ing and Administrative Expenses ling and Administrative Expenses ect Materials al Available Cash: # $ 20,475 15,750 120,225 28,875 21,000 1.8/5 1 24,6 21.0 1716 14,7 21,0