Based on the following information, prepare a cash budget for Melinda Company for the months...
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Accounting
Based on the following information, prepare a cash budget for Melinda Company for the months of April, May and June 2023: April May June Initial cash balance 400,000 545,000 626,500 Cash sales 289,000 295,000 285,000 Direct materials 38,000 45,000 55,000 Direct labour 31,000 28,500 29,800 Factory overhead 50,000 55,000 58,000 Sales and administration expenses 25,000 27,000 29,500 New furniture - 58,000 53,750
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