Question

Use the following information: Beginning cash balance on March 1, $76,000. Cash receipts from sales, $304,000. Budgeted cash payments for direct materials,$137,000. Budgeted cash payments for direct labor $77,000. Other budgeted cash expenses, $43,000. Cash repayment of bank loan, $10,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.

Answer 1

Ending Cash balance 113,000

Step-by-step explanation:

Beginnin 76,000

Cash receipts 304,000

payment of DM (137,000)

payment of DL (77,000)

other cash expenses (43,000)

loan repayment (10,000)

Ending Cash balance 113,000