a \"I.\" Question 11 Answer saved Marked out of 800 '7 Flag question Cash Budget & Short-Term Financing Presented below are partial October, November, and December cash budgets for Holidays Events. Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum end-ofmonth balance of $12,000. Interest is one percent simple interest (no compounding) per month, payable when the loan is repaid. Repayments are made as soon as possible, subject to the minimum end-ofmonth balance. Complete the short-term financing section of the cash budget and all missing figures. Use a negative sign with answers to indicate a cash disbursement or a negative ending balance. HOLIDAY EVENTS Partial Cash Budgets For the Months of October, November, and December October November December Total Cash balance, beginning $22,000 55 0 $ 0 $ 0 Collection on sales 34,000 39,000 79,000 0 Cash available for operations 0 0 0 0 Disbursements for operations (49,000) (59,000) (40,000) 0 Ending cash before borrowings or replacements O 0 0 0 Short-term finance: New loans 0 0 0 0 Repayments O 0 0 0 Interest 0 0 0 0 Cash balance, ending $ 0 $ 0 $ 0 $ 0