Current Attempt in Progress

Vaughn Corporation is projecting a cash balance of $$37,200$ in its December $31,2026,$ balance sheet. Vaughn's schedule of expected

collections from customers for the first quarter of $2027$ shows total collections of $$229,400.$ The schedule of expected payments for

direct materials for the first quarter of $2027$ shows total payments of $$53,320.$ Other information gathered for the first quarter of

$2027$ is sale of equipment $$3,720$; direct labor $$86,800,$ manufacturing overhead $$43,400,$ selling and administrative expenses

$$55,800$; and purchase of securities $$17,360.$ Vaughn wants to maintain a balance of at least $$31,000$ cash at the end of

Prepare a cash budget for the first quarter.

VAUGHN CORPORATION

Cash Budget

:

$$:

eTextbook and Media