Exam #1 Part 1 - CASH BUDGET Create a cash budget for the first six months of 2009 based on the following assumptions: Sales for the first month (Jan) are projected to be; Sales are projected to INCREASE each month by: Collections of sales have been projected to be: Collected within the month of sales: Collected one month after sale: Uncollectable: Expenses are paid during the month incurred. Expenses for the first month (Jan) are expected to be: Expenses are projected to INCREASE each month by: Maonthly depreciation expenses (not included in the above monthly expense number) This new company will begin January of 2009 with a cash balance of: The company would like to maintain a minimum cash balance {target balance) of: $45,000 10% 35% B0% 5% $30,000 2% $1,000 $25,000 $50,000