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. HOLIDAY EVENTS Partial Cash Budgets For the Months of October, November, and December October November December Total Cash balance, beginning $21,000 $ 12,000 ~ $ 12,000 ~ $ 23,680 x Collection on sales 33,000 38,000 78,000 149,000 Cash available for operations 54,000 50,000 90,000 194,000 x Disbursements for operations (48,000) (58,000) (40,000) (146,000) Ending cash before borrowings or replacements 6,000 (8,000) 50,000 48,000 x Short-term finance: New loans 6,000 20,000 O V 26,000 Repayments OV Ov (26,000) (26,000) Interest ov 320) (320) Cash balance, ending $ 12,000 ~ $ 12,000 ~ $ 23,680 ~ $ 0 x