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Fiint Corporation is projecting a cash balance of $34.860 in its December 31, 2016, balance sheet. Flint's schedule of expected collections from customers for the

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Fiint Corporation is projecting a cash balance of $34.860 in its December 31, 2016, balance sheet. Flint's schedule of expected collections from customers for the first quarter of 2017 shows total collections of S214.970. The schedule of expected payments for direct materials for the first quarter of 2017 shows total payments of $49,966, Other information gathered for the first quarter of 2017 is sale of equipment $3.486: direct labor $81.340, manufacturing overhead $40.670. selling and administrative expenses $52290: and purchase of securities $16.268. Flint wants to maintain a balance of at least $29.050 cashat the end of each quarter. Prepare a cash budget for the first quarter. (Do not leave any answer fold blank. Enter for amounts.) FLINT CORPORATION Cash Budget For the Quarter Ended March 31, 2017 Beginning Cash Balance Add Recipes Colections from Custom Sale of Culpment V > Total Recipe > a

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