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Nunez company expects to have a cash balance of $40,000 on January 1, 2020. elmondhatost...

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Nunez company expects to have a cash balance of $40,000 on January 1, 2020. elmondhatost two months of 2020 are follow 1 2 3 Collections from customers ianuary 5101.000: February 5158.000 Payments to suppliers anuary 559.000:February $82.000 Direct labour January 529.000; February 546.000, Wars are paid in the months they are not Manufacturing overhead lauary $27.000 February $30.000. These continue depreciation of $1.000 per month other overhead costs are paid as incurred Selling and administrative expenses January 517.000: February 521.000. These contre esive of depreciation. The are paidas incurred 4 Sales of marketable securities in January are expected to $11.00 incast Ninet Company has a line of credit a local bank. It can borrow up to $20.000 The company wants to keep a minimothy cath halance of $27.000 Prepare a cash budget for mary and and february NUNEZ COMPANY Cash Budget For the Two Months Ending February 29, 2020 Month Jan Pub ALZIZLET Question 4 of 4

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