20 q 12

12 5 points Using the following information: a. Beginning cash balance on March 1, $78,000. b. Cash receipts from sales, $302,000 c. Cash payments for direct materials, $132,000. d. Cash payments for direct labor, $76,000 e. Cash payments for overhead, $36,000. f. Cash payments for sales commissions, $8,000 g. Cash payments for interest, $120 (1% of beginning loan balance of $12,000) h. Cash repayment of loan, $12,000. Prepare a cash budget for March for Gado Company. eBook Hint GADO COMPANY Cash Budget References March Total cash available Less: Cash payments for Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance, end of month