Question

The controller for Eddy Co. has provided the following information pertaining to the cash Budget for...

The controller for Eddy Co. has provided the following information pertaining to the cash Budget for the month of January.

Projected January 1 Cash Balance $50,000
January Cash Payments for Materials $100,000
January Direct Labor Cash Payments $125,000
January Cash Collections from customers $500,000
January Sale of Securities $70,000
January Overhead Cash Payments $40,000
January Depreciation Expense $10,000
January Selling Expenses Cash Payments $20,000



a. Eddy’s Cash Budget will report $ total estimated cash payments for January.  

b. Eddy’s Cash Budget will report $ ending cash for January.

Homework Answers

Answer #1
a
January Cash Payments for Materials 100000
January Direct Labor Cash Payments 125000
January Overhead Cash Payments 40000
January Selling Expenses Cash Payments 20000
Total estimated cash payments for January 285000
b
Projected January 1 Cash Balance 50000
January Cash Collections from customers 500000
January Sale of Securities 70000
Less: Total estimated cash payments for January 285000
Ending cash for January 335000
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