- /6 E w Policies Trent Attempt in Progress Nadia Company expects to have a cash balance of $45,100 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. 2. 3 4. Collections from customers: January $90,900; February $109,800. Payments to suppliers: January $40,200; February $50,500. Direct labour: January $30,200; February $35,200. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,100; February $30,300 Overhead costs are paid as incurred Selling and administrative expenses: January $16,100; February $21,800. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize $10,100 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000. 5. 6. Prepare a cash budget for January and February NADIA COMPANY Cash Budget For 2020 January February Question 2 of 16 -/E NADIA COMPANY Cash Budget For 2020 January February $ Attempts: 0 of 1 used Submit Answer MacBook Air