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8 Using the following information: a. Beginning cash balance on March 1, $77,000. b. Cash receipts from sales, $305,000. c. Cash payments for direct materials,
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Using the following information: a. Beginning cash balance on March 1, $77,000. b. Cash receipts from sales, $305,000. c. Cash payments for direct materials, $137,000. d. Cash payments for direct labor, $74,000. e. Cash payments for overhead, $41,000. f. Cash payments for sales commissions, $8,000 g. Cash payments for interest, $180 ( 1% of beginning loan balance of $18,000 ) h. Cash repayment of loan, $18,000. Prepare a cash budget for March for Gado Company Step by Step Solution
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