8 Cash Budget Assume actual cash receipts and disbursements will follow the pattern below: (Note: Receivables and Payables of 12:3le will have a cash impact in 20:9.) 1. 20.00% of sales for the year are made in November and December. Since our customers have 50 day terms those funds will be collected be collected in January and February. 2. 8?.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 20E, $185,000 . I See The Light Projected Cash Budget For the Year Ending December 31, 20x2 Round dollars to two places, Wart Beginning Cash Balance I_ $ 34,710.00!) Cash Inflow I_ Sales Coilections: I- Account Receivable (Sales last year not collected) -- $ 67.50000 Sales made and collected in 20H Cash Available Cash Outflows: Purchases