Business, 30.10.2019 00:31 kingbolt1

Sunland company expects to have a cash balance of $59,800 on january 1, 2022. these are the relevant monthly budget data for the first two months of 2022. 1. collections from customers: january $92,300, february $189,800. 2. payments to suppliers: january $52,000, february $97,500. 3. wages: january $39,000, february $52,000. wages are paid in the month they are incurred. 4. administrative expenses: january $27,300, february $31,200. these costs include depreciation of $1,300 per month. all other costs are paid as incurred. 5. selling expenses: january $19,500, february $26,000. these costs are exclusive of depreciation. they are paid as incurred. 6. sales of short-term investments in january are expected to realize $15,600 in cash. sunland company has a line of credit at a local bank that enables it to borrow up to $32,500. the company wants to maintain a minimum monthly cash balance of $26,000. prepare a cash budget for january and february. (list items that increase cash balance first.) g

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Sunland company expects to have a cash balance of $59,800 on january 1, 2022. these are the relevant...

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