Aaron corporation is projecting a cash balance of 30000 in

Reference no: EM13482376

Aaron Corporation is projecting a cash balance of $30,000 in its December 31, 2013, balance sheet. Aaron's schedule of expected collections from customers for the first quarter of 2014 shows total collections of $180,000. The schedule of expected payments for direct materials for the first quarter of 2014 shows total payments of $41,000. Other information gathered for the first quarter of 2014 is sale of equipment $3,000, direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000 and purchase of securities $14,000. Aaron wants to maintain a balance of at least $25,000 cash at the end of each quarter.

Prepare a cash budget for the first quarter.

AARON CORPORATION Cash Budget For the Quarter Ended March 31, 2014
			$














:
:
			$

Reference no: EM13482376

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