Business, 23.05.2020 10:58, 19thomasar

1 Collections from customers: January $63,900. February $131,400.
2. Payments to suppliers: January $36,000, February $67,500.
3. Wages: January $27,000, February $36,000. Wages are paid in the month they are incurred.
4. Administrative expenses: January $18,900, February $21,600. These costs include depreciation of $900 per month. All other costs are paid as incurred.
5. Selling expenses: January 513,500, February 518,000. These costs are exclusive of depreciation. They are paid as incurred.
6. Sales of short-term investments in January are expected to realize $10,800 in cash. Oriole Company has a line of credit at a local bank that enables it to borro
up to $22,500. The company wants to maintain a minimum monthly cash balance of $18,000.

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1 Collections from customers: January $63,900. February $131,400.
2. Payments to suppliers: Ja...