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m e get wea Do not include a dollar on in your answer and round to the penny pureses de how much cash will brown

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m e get wea Do not include a dollar on in your answer and round to the penny pureses de how much cash will brown pay out in February for its materials purchases QUESTION 6 Chapter 22 Workout Question Part 8 Ignore you answer to Part A and assume the total cash disbursements for material purchases in February is 5925.000. All other information from Part Ais correct. Further assume all other cash disbursements direct labor costs foxed cash manufacturing overhead) are cash payments made in full each month. In addition to manufacturing costs. Brown also incurs $280.000 for administrative salaries each month. Company policy dictates having at least 525.000 in cash on hand at the end of each month. After analyzines past sales patterns, Brown expects 75 percent of its total monthly sales to be credit sales and 25 percent to be cach. Further, the company expects to collect 33 percent of its credit sales in the same month of the sale, 65 percent to be collected in the month following the sale, and the remaining 2 percent of credit sales are written off. Below are the budgeted sales figures for upcoming months December $3.528.000 January $2.464.000 Esbruary 52.786.000 Budgeted Revenues March 53.136.000 Suppose Brown's cash balance is $120.000 and the company is debt free on February 1st. Using the information above and in Part A determine how big a loan Brown will need in February to meet its projected cash demands. If no loan is needed your answer should be rero. Do not include a dollar sign in your answer and round to the penny m e get wea Do not include a dollar on in your answer and round to the penny pureses de how much cash will brown pay out in February for its materials purchases QUESTION 6 Chapter 22 Workout Question Part 8 Ignore you answer to Part A and assume the total cash disbursements for material purchases in February is 5925.000. All other information from Part Ais correct. Further assume all other cash disbursements direct labor costs foxed cash manufacturing overhead) are cash payments made in full each month. In addition to manufacturing costs. Brown also incurs $280.000 for administrative salaries each month. Company policy dictates having at least 525.000 in cash on hand at the end of each month. After analyzines past sales patterns, Brown expects 75 percent of its total monthly sales to be credit sales and 25 percent to be cach. Further, the company expects to collect 33 percent of its credit sales in the same month of the sale, 65 percent to be collected in the month following the sale, and the remaining 2 percent of credit sales are written off. Below are the budgeted sales figures for upcoming months December $3.528.000 January $2.464.000 Esbruary 52.786.000 Budgeted Revenues March 53.136.000 Suppose Brown's cash balance is $120.000 and the company is debt free on February 1st. Using the information above and in Part A determine how big a loan Brown will need in February to meet its projected cash demands. If no loan is needed your answer should be rero. Do not include a dollar sign in your answer and round to the penny

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