Ask Question
30 December, 00:19

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.

+4
Answers (1)
  1. 30 December, 00:25
    0
    Ending Cash balance 113,000

    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Use the following information: Beginning cash balance on March 1, $76,000. Cash receipts from sales, $304,000. Budgeted cash payments for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers