As far as CoGS are concerned, they generally run 50% of sales, and half of that is paid for in cash, and the other half is paid within 30 days. The company has operating expenses of 20 per month. Financial expenses include interest amounting to 10/month on debt left over from previous years, and taxes that have typically been around 5/month. The company does not pay dividends. There is one capital expenditurea new hat blocking (high-speed, auto hydraulic) steam machine that will be delivered in October and paid for in December and will cost the company 50. Develop a cash budget for the upcoming six-month season.

October November December January February March Accounts Receivable 27 90 170 51 80 24 150 45 190 57 180 Receivables (beginning of period) Sales Collections Immediately (0.4) Within 30 days (0.3) Within 60 days (0.3) Total collections Ending accounts receivable 36 27 0 63 27 68 51 27 146 32 24 51 107 34 76 57 45 60 45 24 129 45 72 54 57 183 178 51 24 57 54