need help with #10 please PR.08.36 ALGO cash budget

Operating Budget, Comprehensive Analysis

Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below.

January	10,000
February	10,600
March	13,800
April	16,000
May	18,500

The following data pertain to production policies and manufacturing specifications followed by Ponderosa:

1. Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next months sales.
2. The data on materials used are as follows:

   Direct Material	Per-Unit Usage	Unit Cost
   Part #K298	2	$4
   Part #C30	3	7

   Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next months production needs. This is exactly the amount of material on hand on January 1.

3. The direct labor used per unit of output is one and one-half hours. The average direct labor cost per hour is $20.
4. Overhead each month is estimated using a flexible budget formula. (Activity is measured in direct labor hours.)

   	Fixed Cost Component	Variable Cost Component
   Supplies	$	$1.00
   Power		0.20
   Maintenance	12,600	1.10
   Supervision	14,000
   Depreciation	45,000
   Taxes	4,300
   Other	86,000	1.60

5. Monthly selling and administrative expenses are also estimated using a flexible budgeting formula. (Activity is measured in units sold.)

   	Fixed Costs	Variable Costs
   Salaries	$ 88,600
   Commissions		$1.40
   Depreciation	25,000
   Shipping		3.60
   Other	137,000	1.60

6. The unit selling price of the wiring harness assembly is $110.
7. In February, the company plans to purchase land for future expansion. The land costs $68,000.
8. All sales and purchases are for cash. The cash balance on January 1 equals $62,700. The firm wants to have an ending cash balance of at least $25,000. If a cash shortage develops, sufficient cash is borrowed to cover the shortage and provide the desired ending balance. Any cash borrowed must be borrowed in $1,000 increments and is repaid the following month, as is the interest due. The interest rate is 12 percent per annum.

Required:

Prepare a monthly operating budget for the first quarter with the following schedules:

See Cornerstone 8.10.

10. Cash budget Enter a negative balance as a negative amount, and if an amount is zero enter "0".

	January	February	March	Total
Beginning balance	$fill in the blank a8b70e017024f87_1	$fill in the blank a8b70e017024f87_2	$fill in the blank a8b70e017024f87_3	$fill in the blank a8b70e017024f87_4
Cash receipts	fill in the blank a8b70e017024f87_5	fill in the blank a8b70e017024f87_6	fill in the blank a8b70e017024f87_7	fill in the blank a8b70e017024f87_8
Total cash available	$fill in the blank a8b70e017024f87_9	$fill in the blank a8b70e017024f87_10	$fill in the blank a8b70e017024f87_11	$fill in the blank a8b70e017024f87_12
Disbursements:
Purchases	$fill in the blank a8b70e017024f87_13	$fill in the blank a8b70e017024f87_14	$fill in the blank a8b70e017024f87_15	$fill in the blank a8b70e017024f87_16
DL payroll	fill in the blank a8b70e017024f87_17	fill in the blank a8b70e017024f87_18	fill in the blank a8b70e017024f87_19	fill in the blank a8b70e017024f87_20
Overhead	fill in the blank a8b70e017024f87_21	fill in the blank a8b70e017024f87_22	fill in the blank a8b70e017024f87_23	fill in the blank a8b70e017024f87_24
Marketing & admin	fill in the blank a8b70e017024f87_25	fill in the blank a8b70e017024f87_26	fill in the blank a8b70e017024f87_27	fill in the blank a8b70e017024f87_28
Land		fill in the blank a8b70e017024f87_29		fill in the blank a8b70e017024f87_30
Total disbursements	$fill in the blank a8b70e017024f87_31	$fill in the blank a8b70e017024f87_32	$fill in the blank a8b70e017024f87_33	$fill in the blank a8b70e017024f87_34
Ending balance	$fill in the blank a8b70e017024f87_35	$fill in the blank a8b70e017024f87_36	$fill in the blank a8b70e017024f87_37	$fill in the blank a8b70e017024f87_38
Financing:
Borrowed/repaid	fill in the blank a8b70e017024f87_39	fill in the blank a8b70e017024f87_40	fill in the blank a8b70e017024f87_41	fill in the blank a8b70e017024f87_42
Interest paid	fill in the blank a8b70e017024f87_43	fill in the blank a8b70e017024f87_44	fill in the blank a8b70e017024f87_45	fill in the blank a8b70e017024f87_46
Ending cash balance	$fill in the blank a8b70e017024f87_47	$fill in the blank a8b70e017024f87_48	$fill in the blank a8b70e017024f87_49	$fill in the blank a8b70e017024f87_50