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Using the following information: Beginning cash balance on March 1, $79,000. Cash receipts from sales, $304,000. Cash payments for direct materials, $130,000. Cash payments for
Using the following information:
- Beginning cash balance on March 1, $79,000.
- Cash receipts from sales, $304,000.
- Cash payments for direct materials, $130,000.
- Cash payments for direct labor, $80,000.
- Cash payments for overhead, $35,000.
- Cash payments for sales commissions, $7,000
- Cash payments for interest, $140 (1% of beginning loan balance of $14,000)
- Cash repayment of loan, $14,000.
Prepare a cash budget for March for Gado Company.
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