Cash Budget Beginning Cash Balance Cash Collections Total Cash Available Cash Disbursements: Purchases Operating Expenses Other Total Cash Disbursements Net Cash Available Financing: Bank Borrowing Loan Repayment Interest Cost Total Financing Ending Cash Balance Minimum monthly balance is $4000 Interest rate is simple 1% monthly, no compounding. L April May June Total $4,000 $4,000 $35,000 $45,200 $58,400 $138,500 $39,000 $49,200 April May June Total $17,400 $28,400 $35,800 $81,500 $13,900 $13,980 $14,140 $42,020 $7,000 $0 $0 $7,000 $38,300 $42,380 $49,940 $130,620 $700 $6,820 $3,300 $0 $0 $3,300 $4,000 Correct