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Using the following information: Beginning cash balance on March 1, $77,000. Cash receipts from sales, $309,000. Cash payments for direct materials, $136,000. Cash payments for
Using the following information:
- Beginning cash balance on March 1, $77,000.
- Cash receipts from sales, $309,000.
- Cash payments for direct materials, $136,000.
- Cash payments for direct labor, $75,000.
- Cash payments for overhead, $39,000.
- Cash payments for sales commissions, $7,000
- Cash payments for interest, $190 (1% of beginning loan balance of $19,000)
- Cash repayment of loan, $19,000.
Prepare a cash budget for March for Gado Company.
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