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Sheridan Corporation is projecting a cash balanke of $26400 in its December 31. 2021, balancesheet Sheridan's schedule of expected collections from customers for thie first
Sheridan Corporation is projecting a cash balanke of $26400 in its December 31. 2021, balancesheet Sheridan's schedule of expected collections from customers for thie first quarter of 2022 shows total collectiono of 5162 , 800. The sctedale of expected payments for direct materials for the ispt quader al 2022 shows total payments of $37.840. Other infocmation gathered for the first quarfer of 2022 bs sale of equipment $2,640; direct labor $61,600, manufacturing owerhead $30,800, sellingand administrative eppenses $39,600; and purchase of securitif $12,320, Sheridan wants to maintain baiance of at least $22000 eash at the end of teach quarticr: Pregarea cash budibet for the first quarter
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