(Answered) Question - talbot company had a cash balance of 25000 on

Accounting

Question - Talbot Company had a cash balance of $25,000 on their December 31, 2010 balance sheet. The company wants to maintain a balance of at least $25,000 cash at the end of each quarter. Other relevant cash receipts and disbursements budgeted for the year include:

Collections from customers	$296,000
Payments for direct materials	60,000
Direct labor	80,000
Manufacturing overhead	90,000
Sale of equipment	4,000
Selling & administrative expenses	75,000
Purchase of marketable securities	3,000

Instructions - Prepare a cash budget for the first quarter.

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