Cash budgets are essential to all small businesses. In this assignment, you are required to do the following: Develop a spreadsheet with a cash budget with lagging collections Determine the net cash flows for the year Forecast the cumulative dollar amount of the external financing required for the year You are also required to prepare a 3-page analysis of the results of your cash budget. Middletown Construction, Inc. has estimated the following sales forecast over the next 12 months (they close in the winter): $0 January February March $0 $275,000 April $275,000 May $312,000 June $417,000 July $714,000 August 5611 000 September $127.000 October $500,000 November $116,000 December 50 The company also gathered the following collection estimates regarding the forecast sales: a O The company also gathered the following collection estimates regarding the forecast sales: Payment collection within the month of sale 20% Payment collection the month following sales = 60% Payment collection the second month following sales = 20% Payments for raw materials and labor costs are paid the month after the purchase and are estimated as follows: . March $220,000 April $240,000 May $225,000 June $287,000 July $350,000 August 5415,000 September $242,000 October $214,000 November $222.000 Additional financial information is as follows: Administrative salaries will approximately amount to $30.000 a month Lease payments are around $10,000 a month A one-time new plant investment for $23,000 is expected to incur and be paid in June. Income tax payments estimated to be around 550.000 will be due in both June and September Miscellaneous costs are estimated to be around $5,000 a month Cash on hand on March 1 will be around $50,000, and a minimum cash balance of S50,000 shall be on hand at all times. HI Additional financial information is as follows: Administrative salaries will approximately amount to $30,000 a month. Lease payments are around $10,000 a month A one-time new plant investment for $23,000 is expected to incur and be paid in June, Income tax payments estimated to be around $50,000 will be due in both June and September Miscellaneous costs are estimated to be around $5,000 a month. Cash on hand on March 1 will be around $50,000, and a minimum cash balance of 550,000 shall be on hand at all times. To receive full credit on this assignment, please show all work, including formulas and calculations used to arrive at the financial values Prepare a monthly cash budget for Middletown Construction, Inc. for the 12 month period of January through December Use Excel to prepare the monthly cash budget with the use of this template Based on your cash budget findings, answer the following questions in a 3-page analysis . Will the company need any outside financing? When is the line of credit the highest for MCI will need? . If you were a bank manager, would you want MC as your client? Why ar why not? Please submit your assignment. Submitting your assignment in APA format means, at a minimum, you will need the following: Title page: Remember the running head. The title should be in all capitals. Length: 3 pages minimum Abstract: This is a summary of your paper, not an introduction. Begin writing in third person Body: This begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple or quadruple type. or italics, except as required for APA lovelheadings and references. The deliverable length of the body of your paper for this assignmer encouraged Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be barabarani ham badan.ch Cash budgets are essential to all small businesses. In this assignment, you are required to do the following: Develop a spreadsheet with a cash budget with lagging collections Determine the net cash flows for the year Forecast the cumulative dollar amount of the external financing required for the year You are also required to prepare a 3-page analysis of the results of your cash budget. Middletown Construction, Inc. has estimated the following sales forecast over the next 12 months (they close in the winter): $0 January February March $0 $275,000 April $275,000 May $312,000 June $417,000 July $714,000 August 5611 000 September $127.000 October $500,000 November $116,000 December 50 The company also gathered the following collection estimates regarding the forecast sales: a O The company also gathered the following collection estimates regarding the forecast sales: Payment collection within the month of sale 20% Payment collection the month following sales = 60% Payment collection the second month following sales = 20% Payments for raw materials and labor costs are paid the month after the purchase and are estimated as follows: . March $220,000 April $240,000 May $225,000 June $287,000 July $350,000 August 5415,000 September $242,000 October $214,000 November $222.000 Additional financial information is as follows: Administrative salaries will approximately amount to $30.000 a month Lease payments are around $10,000 a month A one-time new plant investment for $23,000 is expected to incur and be paid in June. Income tax payments estimated to be around 550.000 will be due in both June and September Miscellaneous costs are estimated to be around $5,000 a month Cash on hand on March 1 will be around $50,000, and a minimum cash balance of S50,000 shall be on hand at all times. HI Additional financial information is as follows: Administrative salaries will approximately amount to $30,000 a month. Lease payments are around $10,000 a month A one-time new plant investment for $23,000 is expected to incur and be paid in June, Income tax payments estimated to be around $50,000 will be due in both June and September Miscellaneous costs are estimated to be around $5,000 a month. Cash on hand on March 1 will be around $50,000, and a minimum cash balance of 550,000 shall be on hand at all times. To receive full credit on this assignment, please show all work, including formulas and calculations used to arrive at the financial values Prepare a monthly cash budget for Middletown Construction, Inc. for the 12 month period of January through December Use Excel to prepare the monthly cash budget with the use of this template Based on your cash budget findings, answer the following questions in a 3-page analysis . Will the company need any outside financing? When is the line of credit the highest for MCI will need? . If you were a bank manager, would you want MC as your client? Why ar why not? Please submit your assignment. Submitting your assignment in APA format means, at a minimum, you will need the following: Title page: Remember the running head. The title should be in all capitals. Length: 3 pages minimum Abstract: This is a summary of your paper, not an introduction. Begin writing in third person Body: This begins on the page following the title page and abstract page and must be double-spaced (be careful not to triple or quadruple type. or italics, except as required for APA lovelheadings and references. The deliverable length of the body of your paper for this assignmer encouraged Reference page: References that align with your in-body academic sources are listed on the final page of your paper. The references must be barabarani ham badan.ch