1^st Quarter 2^nd Quarter 3^rd Quarter 4^th Quarter

Total Cash Receipts $150,000 175,000 100,000 450,000

Total Cash Disbursements $170,000 250,000 100,000 320,000

The companys beginning cash balance for the upcoming fiscal year will be $40,000. The company requires a minimum cash balance of $15,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded.

don't use "$" or ",", use "( )" for negatives and cash payments. Be mindful of letters when filling in answers.

Prepare the companys cash budget for the upcoming fiscal year.

	Q1	Q2	Q3	Q4	Year
Beginning Cash
Add: Cash Receipts
Total Cash
Less: Disbursements
Excess (Deficiency) of Cash Available
Financing:
Borrowings (at Beg. of quarter)
Repayments (at end of quarter)
Interest (paid with repayments)
Total Financing
Ending Cash