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Cash budget - Advanced The actual sales and purchases for Xenocore, Inc., for September and October 2 0 1 9 , along with its forecast

Cash budget-Advanced The actual sales and purchases for Xenocore, Inc., for September and October 2019, along with its forecast sales and purchases for the period November
2019 through April 2020, follow 1. The firm makes 10% of all sales for cash and collects on 45% of its sales in each of the 2 months following the sale. Other cash inflows are
expected to be $14,000 in September and April, $13,000 in January and March, and $28,000 in February. The firm pays cash for 9% of its purchases. It pays for 45% of its purchases in
the following month and for 46% of its purchases 2 months later. Wages and salaries amount to 18% of the preceding month's sales. Rent of $18,000 per month must be paid. Interest
payments of $10,000 are due in January and April. A principal payment of $26,000 is also due in April. The firm expects to pay cash dividends of $19,000 in January and April. Taxes of
$85,000 are due in April. The firm also intends to make a $25,000 cash purchase of fixed assets in December.
a. Assuming that the firm has a cash balance of $23,000 at the beginning of November, determine the end-of-month cash balances for each month, November through April.
b. Assuming that the firm wishes to maintain a $14,000 minimum cash balance, determine the required total financing or excess cash balance for each month, November through April.
c. If the firm were requesting a line of credit to cover needed financing for the period November to April, how large would this line have to be? Explain your answer.
a. Assuming that the firm has a cash balance of $23,000 at the beginning of November, determine the end-of-month cash balances for each month, November through April.
Complete the November cash budget for Xenocore, Inc. below: (Round to the nearest dollafi)
Xenocore, Inc.
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