Business, 26.11.2019 04:31, hardwick744
Crane corporation is projecting a cash balance of $33,900 in its december 31, 2019, balance sheet. crane’s schedule of expected collections from customers for the first quarter of 2020 shows total collections of $209,050. the schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $48,590. other information gathered for the first quarter of 2020 is: sale of equipment $3,390; direct labor $79,100, manufacturing overhead $39,550, selling and administrative expenses $50,850; and purchase of securities $15,820. crane wants to maintain a balance of at least $28,250 cash at the end of each quarter. prepare a cash budget for the first quarter.
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Crane corporation is projecting a cash balance of $33,900 in its december 31, 2019, balance sheet. c...
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