1. Calculate the projected Cash Receipts for the three months of February, March, and April (Tables have been set up for you) (30 pts)

Sales forecast	December	January	February	March	April
Cash Sales
Collection of AR: Lagged 1 Month Lagged 2 Months
Other Cash Receipts
Total Cash Receipts

2. Calculate the projected Cash Disbursements for the same months

A Schedule of Projected Cash Disbursements for Joseph Pharmacy (30 points)

Sales	December	January	February	March	April
Purchases (50% of next months sales)
Rent payments
Wages/Salaries
Total

Indicate what the total cash balance would be at the end of these three months if the cash balance at the beginning of February was $1,500. (40 points)

February Cash balance
Total Cash Receipts	December	January	February	March	April
Cash Disbursements
Balance
Balance from Feb - April

****To keep it fair to all, I am going to provide you with the ending cash balance for Feb. You should have $-9,250.****