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Crane Corporation is projecting a cash balance of $ 3 1 , 8 0 0 in its December 3 1 , 2 0 2 4
Crane Corporation is projecting a cash balance of $ in its December balance sheet. Crane's schedule of expected collections from customers for the first quarter of shows total collections of $ The schedule of expected payments for direct materials for the first quarter of shows total payments of $ Other information gathered for the first quarter of is sale of equipment $; direct labor $ manufacturing overhead $ selling and administartive expenses $; and purchase of securities $ Crane wants to maintain a balance of at least $ cash at the end of the quarter. Prepare a cash budget for the first quarter.
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