1. Prepare a monthly cash budget and supporting schedules for September, October, and November. Assume 360 days per year for interest calculations. 2. On the basis of the cash budget prepared in part (1), what recommendation should be made to the controller? The budget indicates that the minimum cash balance be maintained in November. This situation can be corrected by securities, if they are held for such purposes. At the end of September and October, the cash balance will the minimum desired balance. and/or by the of the marketab Cash budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information: \begin{tabular}{lrrr} & September & October & November \\ \hline Sales & $101,000 & $130,000 & $160,000 \\ Manufacturing costs & 42,000 & 56,000 & 58,000 \\ Selling and administrative expenses & 35,000 & 39,000 & 61,000 \\ Capital expenditures & & & 38,000 \end{tabular} remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month. desires to maintain a minimum cash balance of $37,000. Required: 1. Prepare a monthly cash budget and supporting schedules for September, October, and November. Assume 360 days per year for interest calculations. Bridgeport Housewares Inc. Cash Budget For the Three Months Ending November 30 Line Item Description September October November Estimated cash receipts from