1.
Collections from customers: January $ 88,550, February $ 163,550.
2. Payments to suppliers: January $ 57,550, February $ 92,550.
3.
Wages: January $ 30,161, February $ 40,161. Wages are paid in the month they are incurred.
4.
Administrative expenses: January $ 21,161, February $ 24,161. These costs include depreciation of $ 1,000 per month. All other costs are paid as incurred.
5.
Selling expenses: January $ 15,161, February $ 20,161. These costs are exclusive of depreciation. They are paid as incurred.
6
Sales of short-term investments in January are expected to realize $ 12,161 in cash. Enright has a line of credit at a local bank that enables it to borrow up to $ 25,000. The company wants to maintain a minimum monthly cash bala