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Current Attempt in Progress Nunez Company expects to have a cash balance of $43,000 on...

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Accounting

Current Attempt in Progress Nunez Company expects to have a cash balance of $43,000 on January 1,2020. Relevant monthly budget data for the first two months of 2020 are as follows: Collections from customers: January $101,000; February $158,000 Payments to suppliers: January $59,000; February $81,000 Direct labour: January $31,000; February $46,000. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,000; February $31,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $16,000; February $21,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $

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