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Your answer is partially correct. Martin Company's chief financial officer feels that it is important to have data for the entire quarter especially since their
Your answer is partially correct. Martin Company's chief financial officer feels that it is important to have data for the entire quarter especially since their financial forecasts indicate some difficult economic periods in the coming year. Mar information has been budgeted as follows: Collections from customers: $380,700 Payments for direct materials: $209,300 Direct labor: Wages paid in March $117,100 Manufacturing overhead: $65,500. This includes the monthly depreciation of $4,900. Selling and administrative expenses: $50,900. This cost is exclusive of depreciation. Marketable securities of $49,600 can be sold if needed for additional cash. . Prepare a cash budget for March assuming that the company does not sell the marketable securities. Martin Company Cash Budget For the Month Ending March 2020 Beginning Cash Balance Add : Receipts Collections from Customers Y 380700 Sale of Securities Total Receipts 380700 Total Available Cash Less : Disbursements Direct Materials Direct Labor Manufacturing Overhead Selling and Administrative Expenses Total Disbursements Excess (Deficiency) of Available Cash over Cash Disbursements Financing Add : Borrowings Less : Repayments Including Interest Ending Cash Balance $ e Textbook and Media Assistance Used
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