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Prepare a cash budget for the first quarter

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Reference no: EM131779683

Problem - Talbot Company had a cash balance of $25,000 on their December 31, 2010 balance sheet. The company wants to maintain a balance of at least $25,000 cash at the end of each quarter. Other relevant cash receipts and disbursements budgeted for the year include:

Collections from customers

$296,000

Payments for direct materials

60,000

Direct labor

80,000

Manufacturing overhead

90,006

Sale of equipment

4,000

Selling & administrative expenses

75,000

Purchase of marketable securities

3,000

Instructions - Prepare a cash budget for the first quarter.

Reference no: EM131779683

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