Finance Question

sdaiso


Given the following information:
Sales
June	$200,000
July	200,000
August	200,000
September	300,000
October	500,000
November	200,000

- 2. 70% of the sales are for credit and are collected one month after the sale. Other receipts: $50,000 in October
- Variable disbursements: 60% of sales each month
- Other disbursements: $10,000 a month
- $80,000 for taxes in August
- $400,000 for debt repayment in November
- Beginning cash: $50,000
- Desired cash: $10,000

Prepare a monthly cash budget for this firm.