4. Below are some excerpted data from Lion Inc.'s master budget for March of next...
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4. Below are some excerpted data from Lion Inc.'s master budget for March of next year. Based on the information below, what amount of financing will the company need during the month? Show all calculations and label items clearly. (20 points) Cash balance on March 1st Desired cash balance on March 31 Sales, all in cash Direct materials cost, all in cash Direct labor cost, all in cash Manufacturing overhead cost Selling and administrative expenses Depreciation on office building $10,000 $30,000 $200,000 $20,000 $30,000 $40,000 $35,000 $30,000
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