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Concord Company expects to have a cash balance of $133,000 on January 1,2020 . Relevant...

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Accounting

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Concord Company expects to have a cash balance of $133,000 on January 1,2020 . Relevant monthly budget data for the first 2 nonths of 2020 are as follows: - Collections from customers: January $249,900, February $434,800. - Payments for direct materials: January $157,000, February $236,300 - Direct labor: January $90,100, February $137,400. Wages are paid in the month they are incurred. - Manufacturing overhead: January $63,500, February $75,800. These costs include depreciation of $4,900 per month. All other overhead costs are paid as incurred. - Selling and administrative expenses: January $45,400, February $59,000. These costs are exclusive of depreciation. They are paid as incurred. - Sales of marketable securities in January are expected to realize $36,500 in cash. Concord Company has a line of credit at the local bank that enables it to borrow up to $75,200. The company wants to maintain a minimum monthly cash balance of $59,500. ?.19 Aienuer 76png 4seJ Aueduoj plosuo (b1) The parts of this question must be completed in order. This part will be available when you complete the part above. (b2) The parts of this question must be completed in order. This part will be available when you complete the part above

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