Crane corporation is projecting a cash balance of $33,900 in its december 31, 2019, balance sheet. crane’s schedule of expected collections from customers for the first quarter of 2020 shows total collections of $209,050. the schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $48,590. other information gathered for the first quarter of 2020 is: sale of equipment $3,390; direct labor $79,100, manufacturing overhead $39,550, selling and administrative expenses $50,850; and purchase of securities $15,820. crane wants to maintain a balance of at least $28,250 cash at the end of each quarter. prepare a cash budget for the first quarter.

Total cash required= (15,820)

Explanation:

Giving the following information:

Crane Corporation is projecting a cash balance of $33,900 in its December 31, 2019, balance sheet. Crane’s schedule of expected collections from customers for the first quarter of 2020 shows total collections of $209,050. The schedule of expected payments for direct materials for the first quarter of 2020 shows total payments of $48,590. Other information gathered for the first quarter of 2020 is: sale of equipment $3,390; direct labor $79,100, manufacturing overhead $39,550, selling and administrative expenses $50,850; and purchase of securities $15,820. Crane wants to maintain a balance of at least $28,250 cash at the end of each quarter.

Cash budget:

From last year= 33,900

Collections= 209,050

Direct material= (48,590)

Equipment= 3,390

Direct labor= (79,100)

Overhead= (39,550)

Selling and administrative expenses= (50,850)

Securities= (15,820)

Ending inventory= (28,250)

Total= (15,820)

answer///the factor market;