cash budget

7:46 Search . 4G D X Cash Budget Cash Budget: The Greenwich Corporation has a 60 days average collection period and wishes to maintain $150 million minimum cash balance. Based on the information given in the following cash budget, what conclusions do you draw? The additional information includes: Collection Period = 60 days Cash collection of quarter = 1/3 of sales + beginning receivable Beginning receivables of next quarter = 2/3 of sales Greenwich Corporation Cash Budget (in millions) Q1 Q2 Q3 Q4 Beginning receivables $ 240 $ $ Sales 150 165 180 135 Cash collection Ending receivables Total cash collection Total cash disbursements 170 160 185 190 Net cash flow Beginning cash balance $45 Net cash flow Ending cash balance Minimum cash balance Cumulative surplus( deficit) -F