12 MTM Company's budgeted sales and direct materials purchases are as follows: Budgeted Sales Budgeted D.M. Purchases January $250,000 $50,000 February 320,000 60,000 March 280,000 90,000 Question 12 a 6 points Save A Credit sales are collected 30% in the month of sale, and 70% in the month following the sale. MTM's payment for direct material purchases are 40% cash in the month of purchase, and 60% will be paid in the next month. Additional Information: Salaries are estimated to be $35,000 for February and $40,000 for March. Salaries are paid in the same month they are incurred. . Incurred $4,500 utilities expenses in February, and 50% of this amount will be paid in February Sales of equipment in February, and it is expected to receive the amount of $45,000 in the same month in cash Dividend revenue of $3000 is expected to be received in March Manufacturing overhead cost, February, $50,000 March $ 55,000. These costs are fully paid in the month it is incurred. Total manufacturing overhead cost does not includes depreciation March 280,000 90,000 Credit sales are collected 30% in the month of sale, and 70% in the month following the sale. MTM's payment for direct material purchases are 40% cash in the month of purchase, and 60% will be paid in the next month. Additional Information: . . Salaries are estimated to be $35,000 for February and $40,000 for March. Salaries are paid in the same month they are incurred. Incurred $4,500 utilities expenses in February, and 50% of this amount will be paid in February Sales of equipment in February, and it is expected to receive the amount of $45,000 in the same month in cash Dividend revenue of $3000 is expected to be received in March . Manufacturing overhead cost, February, $50,000 March $ 55,000. These costs are fully paid in the month it is incurred. Total manufacturing overhead cost does not includes depreciation Selling and administrative expenses are $40,000 for February and $40,000 for March. These amounts are paid in the same month once incurred. These expenses include depreciation of $1000 per month. Purchase new equipment that cost $200,000 in February. The total amount will be paid in cash in February. Beginning cash balance is expected to be $75,000 on February 1, 2019. The required minimum amount of cash is $30,000 per month Required: Calculate all the following requirements and type the final answer in the given blank. February. Beginning cash balance is expected to be $75,000 on February 1, 2019. The required minimum amount of cash is $30,000 per month Required: Calculate all the following requirements and type the final answer in the given blank. 1- The amount of total cash receipt for the month of February............ 2- The amount of total cash disbursement for the month of March........ 3- The excess or deficiency of cash in February is.......... 4- The Ending cash balance in March is.............. 5- The amount that the company need to borrow to meet management requirement in February..... 6- The amount that the company need to borrow to meet management requirement in March.............. L Moving to the next question prevents changes to this answer. Question 12 of 25