P Do Homework - M 5 Homework B - Graded - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=607546075&questionld=5&flushed=false&cld=6659235¢erwin=yes ACG2071_683751(3) Claribel Laureano & | 11/13/21 12:12 PM Homework: M 5 Homework B - Graded Question 5, EM5-28 (sim.. HW Score: 90.33%, 28.91 of 32 points Part 3 of 4 Points: 2.91 of 6 Save Jayson Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule.) i (Click the icon to view the additional information.) Complete a cash budget for Jayson Company for January, February and March. (Complete all input fields. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) - X Jayson Company More info Cash Budget January, February, and March Jayson's beginning cash balance is $8,000 and Jayson desires to maintain a January February March minimum ending cash balance of $8,000. Jayson borrows cash as needed at the Beginning cash balance $ 8,000 $ 3,300 $ 3,333 beginning of each month in increments of $1,000 and repays the amounts borrowed in increments of $1,000 at the beginning of months when excess cash is Cash receipts 11,340 10,440 12,540 available. The interest rate on amounts borrowed is 11% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. Cash available 19.340 18,740 20,873 Cash payments: Purchases of direct materials 3,400 3.600 Direct labor 2,900 3,200 4,400 Print Done Manufacturing overhead 3,72 640 640 Selling and administrative expenses 8,42 7,13 7, 130 Interest expense 37 Total cash payments 15,04 14,407 1580 Ending cash balance before financing 4,300 1,333 6493 Minimum cash balance desired (8,000 (8,000) 8,000) Projected cash excess (deficiency) (3,700) (3,667) Financing: Borrowing 4.000 4.000 Principal repayments 1000 4.000 1 000 4000 Total effects of financing 8,300 8,333 Ending cash balance Help me solve this Etext pages Get more help - Clear all Final check