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		$23,000
Collection on sales		35,000	40,000	80,000
Cash available for operations
Disbursements for operations		(50,000)	(60,000)	(40,000)
Ending cash before borrowings or replacements
Short-term finance:
New loans
Repayments
Interest
Cash balance, ending