Cash budget

The ABC Corporation is planning to request a line of credit from its bank and wants to estimate its cash - THE RENT RECENED PER WEEK IS $100.00 - the RENT paid pea weEk is \$400.00 - salaries expenses per monthare $17,200 - PROMOTION EXPENSES PER WEEK. ARE \$175.00 ON SOCLAL MEDLA $225 ON NEWSPAPERS, AND \$31S IN OTHER PROMOTONS. TOTAL \$715 PER WEEK. - other EXPENDITURES ARE $3,900 per MONTH - ABC coilects 85 percent of its credit sales in the month after the credit sale. 10 percent two months following the credit sale, and the remaining 5 percent three months following the sale. - The supplier is paid 85% one month after credit purchases are made and 15% two months after credit purchases are made. - The comparr/s cash balance as of JAN 01, 2023, was an Imvertment of $65,000. - A minimum balance of $65,000 must be always maintained to satisfy the firm's line-ef-credit agreement with its bank. - Harrison has arranged with its bank for short-4erm credit at an interest rate of 12 percent per annum (1 percent per month) to be paid monthly, Then, if the firm needs to borrow $80,000 at. the end of April, then it will pay $500 in interest (01$50,000) at the end of May. Prepare a cash budget for the first stx months of 2023 (January TO JUNEL. Prepare un presupuesto de efectivo para los primeros sels meses de 2021 (enero a Junlo) Suponga que el saldo de efectivo flnal para diclembre de 2020 es de $25,000 y que desea mantener un aldo de $22,000. The ABC Corporation is planning to request a line of credit from its bank and wants to estimate its cash - THE RENT RECENED PER WEEK IS $100.00 - the RENT paid pea weEk is \$400.00 - salaries expenses per monthare $17,200 - PROMOTION EXPENSES PER WEEK. ARE \$175.00 ON SOCLAL MEDLA $225 ON NEWSPAPERS, AND \$31S IN OTHER PROMOTONS. TOTAL \$715 PER WEEK. - other EXPENDITURES ARE $3,900 per MONTH - ABC coilects 85 percent of its credit sales in the month after the credit sale. 10 percent two months following the credit sale, and the remaining 5 percent three months following the sale. - The supplier is paid 85% one month after credit purchases are made and 15% two months after credit purchases are made. - The comparr/s cash balance as of JAN 01, 2023, was an Imvertment of $65,000. - A minimum balance of $65,000 must be always maintained to satisfy the firm's line-ef-credit agreement with its bank. - Harrison has arranged with its bank for short-4erm credit at an interest rate of 12 percent per annum (1 percent per month) to be paid monthly, Then, if the firm needs to borrow $80,000 at. the end of April, then it will pay $500 in interest (01$50,000) at the end of May. Prepare a cash budget for the first stx months of 2023 (January TO JUNEL. Prepare un presupuesto de efectivo para los primeros sels meses de 2021 (enero a Junlo) Suponga que el saldo de efectivo flnal para diclembre de 2020 es de $25,000 y que desea mantener un aldo de $22,000