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Using the following information: Beginning cash balance on March 1, $72,000. Cash receipts from sales, $300,000. Cash payments for direct materials, $140,000. Cash payments for
Using the following information: Beginning cash balance on March 1, $72,000. Cash receipts from sales, $300,000. Cash payments for direct materials, $140,000. Cash payments for direct labor, $80,000. Cash payments for overhead, $45,000. Cash payments for sales commissions, $7,000. Cash payments for interest, $200 (1% of beginning loan balance of $20,000). Cash repayment of loan, $20,000. Prepare a cash budget for March for Gado Company.
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