ButovaS_P23B

ButovaS_P23B - Name Section Date (a) SvetlanaButova...

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1193 Name Svetlana Butova Problem 23-4B Section Date Orton Company (a) January February 1 (1) Expected collections from customers 1 2 November ($262,000) 13,100 0 2 3 December ($328,000) 114,800 16,400 3 4 January ($354,000) 212,400 123,900 4 5 February ($408,000) 244,800 5 6 340,300 385,100 6 7 (2) Expected payments for direct materials 7 8 December ($102,000) 45,900 8 9 January ($114,000) 62,700 51,300 9 10 February ($136,000) 74,800 10 11 Total payments 108,600 126,100 11 (b) Orton Company Cash Budget For the Two Months Ending February 28, 2009 January February 1 Beginning cash balance $75,000 $69,300 1 2 Add:  Receipts 2 3 Collections from customers 340,300 385,100 3 4 Note receivable 17,000
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ButovaS_P23B - Name Section Date (a) SvetlanaButova...

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