Nemani corporation is projecting a cash balance of 41785 in

Assignment Help Accounting Basics

Reference no: EM13482598

Nemani Corporation is projecting a cash balance of $41,785 in its December 31, 2013, balance sheet. Nemani schedule of expected collections from customers for the first quarter of 2013 shows total collections of $180,885. The schedule of expected payments for direct materials for the first quarter of 2013 shows total payments of $40,200. Other information gathered for the first quarter of 2013 is: sale of equipment $3,392; direct labor $70,178, manufacturing overhead $34,583, and purchase of securities $12,372. Selling and administrative expenses are projected to be $44,000. All costs and expenses will be paid in cash. Nemani wants to maintain a balance of at least $28,000 cash at the end of each quarter.

Instructions: Complete the cash budget for the first quarter.

Nemani Corporation Cash Budget For the Quarter Ending March 31, 2013

Reference no: EM13482598

Questions Cloud

Keller company requires its marketing managers to submit : keller company requires its marketing managers to submit estimated cost-volume-profit data on all requests for new

Lewis industries adopted a defined benefit pension plan on : lewis industries adopted a defined benefit pension plan on january 1 2013. by making the provisions of the plan

During january 19000 units were completed and transferred : during january 19000 units were completed and transferred. at january 31st 6500 units remained in work in process that

The bootsie holding company has sales exceeding 10 billion : the bootsie holding company has sales exceeding 10 billion and each of its three wholly-owned subsidiaries has sales

Nemani corporation is projecting a cash balance of 41785 in : nemani corporation is projecting a cash balance of 41785 in its december 31 2013 balance sheet. nemani schedule of

Karsen company produces a pain medication that passes : karsen company produces a pain medication that passes through two departments mixing and tableting. karsen uses the

Pfab portugal football association board is recognized as a : pfab portugal football association board is recognized as a non-profit organization. the main objective of association

Assume the following the real risk-free rate r is expected : assume the following the real risk-free rate r is expected to remain constant at 3. inflation is expected to be 3 next

Started in process 9200 units completed and on hand : started in process 9200 units completed and on hand 700units in process at end of period 1000 units complete as

User Account

All Pages