Cash Budget & Short-Term Financing Presented below are partial October, November, and December cash budgets for Holidays Events..

Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum end-of-month balance of $12,000. Interest is one percent simple interest (no compounding) per month, payable when the loan is repaid. Repayments are made as soon as possible, subject to the minimum end-of-month balance.

Complete the short-term financing section of the cash budget and all missing figures.

Use a negative sign with answers to indicate a cash disbursement or a negative ending balance.

\begin{tabular}{|c|c|c|c|c|c|c|c|} \hline For the Months of & \begin{tabular}{l} HOLIDAY EVENT \\ Irtial Cash Budg \\ October, Novem \end{tabular} & \begin{tabular}{l} s \\ ets \\ be \end{tabular} & and Decem & aber & & & \\ \hline & October & & lovember & & cember & & Total \\ \hline Cash balance, beginning & $23,000 & $ & 12,000 & $ & 12,000 & $ & 23,000 \\ \hline Collection on sales & 35,000 & & 40,000 & & 80,000 & & 155,000 \\ \hline Cash available for operations & 58,000 & & 52,000 & & x & & 178,000 \\ \hline Disbursements for operations & (50,000) & & (60,000) & & (40,000) & & 0x \\ \hline Ending cash before borrowings or replacements & 0x & & 0 & & 0 & & 0 \\ \hline Short-term finance: & & & & & & & \\ \hline New loans & 0 & & 0 & & 0 & & 0 \\ \hline Repayments & 0 & & 0 & & 0 & & 0 \\ \hline Interest & 0 & & 0 & & 0x & & 0x \\ \hline Cash balance, ending & 0x & $ & 0x & $ & 0x & $ & 0x \\ \hline \end{tabular}