The controller for Eddy Co. has provided the following information pertaining to

Question

The controller for Eddy Co. has provided the following information pertaining to the cash Budget for the month of January.

a. Eddy’s Cash Budget will report $ total estimated cash payments for January.  

b. Eddy’s Cash Budget will report $ ending cash for January.

Projected January 1 Cash Balance $50,000 January Cash Payments for Materials $100,000 January Direct Labor Cash Payments $125,000 January Cash Collections from customers $500,000 January Sale of Securities $70,000 January Overhead Cash Payments $40,000 January Depreciation Expense $10,000 January Selling Expenses Cash Payments $20,000

Explanation / Answer

a January Cash Payments for Materials 100000 January Direct Labor Cash Payments 125000 January Overhead Cash Payments 40000 January Selling Expenses Cash Payments 20000 Total estimated cash payments for January 285000 b Projected January 1 Cash Balance 50000 January Cash Collections from customers 500000 January Sale of Securities 70000 Less: Total estimated cash payments for January 285000 Ending cash for January 335000

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.