179 Part 10: (10 marks) 180 NFT maintains a 8% line of credit for $1,000,000, and a minimum bank balance of $1,000,000. 181 Interest is calculated and due on a monthly basis. 182 NFT pays a cash dividend of $25,000 in August. 183 NFT purchases $25,000 of equipment in August. 184 On July 1, 2022 NFT had $50,000 in the bank. 185 186 Cash Budget 187 188 July August September Quarter 189 190 Beginning Cash Balance 191 Add: Cash Collections 192 Total Cash Available 193 194 Less: Cash Disbursements 195 Materials 196 Direct Labour 197 Manufacturing OH 198 Selling & Administrative 199 Dividend 200 Total Disbursements 201 Excess (deficiency) 179 Part 10: (10 marks) 180 NFT maintains a 8% line of credit for $1,000,000, and a minimum bank balance of $1,000,000. 181 Interest is calculated and due on a monthly basis. 182 NFT pays a cash dividend of $25,000 in August. 183 NFT purchases $25,000 of equipment in August. 184 On July 1, 2022 NFT had $50,000 in the bank. 185 186 Cash Budget 187 188 July August September Quarter 189 190 Beginning Cash Balance 191 Add: Cash Collections 192 Total Cash Available 193 194 Less: Cash Disbursements 195 Materials 196 Direct Labour 197 Manufacturing OH 198 Selling & Administrative 199 Dividend 200 Total Disbursements 201 Excess (deficiency)