View Policies Current Attempt in Progress Nunez Company expects to have a cash balance of $44,000 on January 1, 2020. Relevant monthly budget data for the first two months of 2020 are as follows: 1. 2. 3. 4. Collections from customers: January $98,000; February $161,000 Payments to suppliers: January $61,000; February $78,000 Direct labour: January $32,000; February $46,000. Wages are paid in the month they are incurred. Manufacturing overhead: January $27,000; February $30,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $15,000; February $20,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $9,000 in cash. 5. 6. Nunez Company has a line of credit at a local bank. It can borrow up to $24,000. The company wants to keep a minimum monthly cash balance of $17,000. 92% Type here to search O IT Question 4 of 4 1259 -14 E NUNEZ COMPANY Cash Budget For the Two Months Ending February 29, 2020 Month Jan Feb Total $ 929 search o Question 4 of 4 -14 Selling And Administrative Expenses Direct Labour Manufacturing Overhead Repayment Total Disbursements Excess of Available Cash Over Cash Disbursements Financing Borrowing Repayment Ending Cash Balance $ $ Question 4 of 4 - 14 ill Disbursements $ $ $ - 92% 1 00 AM 2021-03-2 pre to search