Question: Naples Inc. is assembling information to determine its Cash Collection Budget for next year. Naples has the following information it obtained for Quarter 1: a

Naples Inc. is assembling information to determine its Cash Collection Budget for next year. Naples has the following information it obtained for Quarter 1: a Beginning Cash Balance of $320,000, Collections from Customers of $125,000, Manufacturing Overhead cash disbursements of $35,000, Direct Labor Dollars of $56,000, and Direct Materials cash disbursements of $27,000. What is Naples' Ending Cash Balance for Quarter 1 of next year? $118,000 $327,000 $445,000 $125,000

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