Current 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: Collections from customers: January $90,600; February $110,800. Payments to suppliers: January $40,000: February $50,400, Direct labour: January $30,000; February $35,100. Wages are paid in the month they are incurred. Manufacturing overhead: January $24.800: February $30,300. Overhead costs are paid as incurred. Selling and administrative expenses: January 516,100: February 522,100. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize $9.900 in cash Nadia Company wants to keep a minimum monthly cash balance of $20,000 1. 2. 3. 4. 5. 6. Prepare a cash budget for January and February NADIA COMPANY Cash Budget For 2020 NADIA COMPANY Cash Budget For 2020 January February AL Store Attempts:0 of 1 used Submit