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For Neo: Blue Lagoon Corporation is projecting a cash balance

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For Neo:
Blue Lagoon Corporation is projecting a cash balance of $30,754 in its December 31, 2011, balance sheet. Blue Lagoon's schedule of expected collections from customers for the first quarter of 2012 shows total collections of $179,867. The schedule of expected payments for direct materials for the first quarter of 2012 shows total payments of $41,026. Other information gathered for the first quarter of 2012 is: sale of equipment $3,861; direct labor $69,806, manufacturing overhead $34,882, selling and administrative expenses $45,125; and purchase of securities $12,250. Blue Lagoon wants to maintain a balance of at least $24,800 cash at the end of each quarter.
Submitted: 5 years ago.
Category: Homework
Expert:  Neo replied 5 years ago.
Good day!

Please let me know what is required.

Thank you so much! :)

Customer: replied 5 years ago.
Prepare a cash budget for the first quarter.
Customer: replied 5 years ago.
?
Expert:  Neo replied 5 years ago.
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