Danner company expects to have a cash balance of $58,005 on january 1, 2017. relevant monthly budget data for the first 2 months of 2017 are as follows: collections from customers: january $109,565, february $193,350. payments for direct materials: january $64,450, february $96,675. direct labor: january $38,670, february $58,005. wages are paid in the month they are incurred. manufacturing overhead: january $27,069, february $32,225. these costs include depreciation of $1,933 per month. all other overhead costs are paid as incurred. selling and administrative expenses: january $19,335, february $25,780. these costs are exclusive of depreciation. they are paid as incurred. sales of marketable securities in january are expected to realize $15,468 in cash. danner company has a line of credit at a local bank that enables it to borrow up to $32,225. the company wants to maintain a minimum monthly cash balance of $25,780. prepare a cash budget for january and february. (do not leave any answer field blank. enter "0" for amounts.)

Here is the cash budget for Danner Company:

DANNER COMPANY
Cash Budget
For the Two Months Ending February 28, 2017

January February 
Beginning cash balance 58,185 35,557 
Receipts
Collections from customers 109,905 193,950
Sale of investment 15,516 - 
Total receipts 125,421 193,950 
Total available cash 183,606 229,507 
 
Less: Disbursements 
Payments to suppliers 64,650 96,975
Wages …………………………...38,790 58,185
Administrative expenses 25,214 30,386 
Selling expenses 19,395 25,860
Total disbursements 148,049 211,406 

Excess of available cash 
over disbursements 35,557 18,101 
Financing - 7,759

Ending cash balance 35,557 ... 25,860

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; importance to people; or acceptance;