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Given the following information:

Sales
June	$100,000
July	500,000
August	100,000
September	50,000
October	100,000
November	1,000,000

a. 40% of the sales are for credit and are collected one month after the sale.

b. Other receipts: $100,000 in October

c. Variable disbursements: 80% of sales each month

d. Other disbursements: $10,000 a month

e. $80,000 for taxes in August

f. Beginning cash: $50,000

g. Desired cash: $10,000

Prepare a monthly cash budget for the firm.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9792529

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