Assuming minimum cash on hand requirements are $10,000 a month through May, increase to $15,000 in June and July, increase further to $20,000 in August and September, and return to the $10,000 per month level beginning in October.

Month	Minimum cash requirement	Cash Receipts	Cash Disbursements
	$10,000
January	$10,000	$100,000	$100,000
February	$10,000	$90,000	$110,000
March	$10,000	$80,000	$110,000
April	$10,000	$100,000	$150,000
May	$10,000	$120,000	$180,000
June	$15,000	$160,000	$180,000
July	$15,000	$200,000	$180,000
August	$20,000	$250,000	$180,000
September	$20,000	$250,000	$150,000
October	$10,000	$200,000	$110,000
November	$10,000	$140,000	$100,000
December	$10,000	$100,000	$100,000

Questions:

Determine whether Itsar Products will have a cash need during the next year.

If Itsar Products has a cash need, indicate the month when the need will begin and determine the month and amount when the maximum need will occur.

Determine whether the cash need (if any) can be repaid within the next year.