8 Cash Budaet Assume actual cash receipts and disbursements will follow the pattern below: (Note: Receivables and Payables of 12/31/1 will have a cash impact in 202.) 1. 15.00% of sales for the year are made in November and December. Since our customers have 60 day terms those funds will be collected be collected in January and February. 2. 86.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February. 3. All other manufacturing and operating costs are paid for when incurred. 4. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses. 5. Minimum Cash Balance needed for 202,$180,000. I See The Light Projected Cash Budget For the Year Ending December 31, 20x2 8 Cash Budaet Assume actual cash receipts and disbursements will follow the pattern below: (Note: Receivables and Payables of 12/31/1 will have a cash impact in 202.) 1. 15.00% of sales for the year are made in November and December. Since our customers have 60 day terms those funds will be collected be collected in January and February. 2. 86.00% of material purchases will be paid during the year, the remaining portion will be paid in Januay or February. 3. All other manufacturing and operating costs are paid for when incurred. 4. The budgeted depreciation expense is equal to 0.6% of the fixed manufacturing, selling and administrative expenses. 5. Minimum Cash Balance needed for 202,$180,000. I See The Light Projected Cash Budget For the Year Ending December 31, 20x2