Cash collections: Cash sales Credit collections: Amount collected in month of sale Amount collected in month following sale Amount collected in second month following sale Uncollectable Cash disbursements: Conyersion costs 100% Raw materials 50% 40% Direct labour 50% 50% Remaining expenses 100% Additional notes: Depreciation included in monthly general operating expenses Annual dividend payment to the shareholders, paid in August Paid in month incurred Paid in month incurred Paid in month following Paid in month incurred Paid in month following Paid in month incurred Expected May 1 beginning cash balance Frost's Frozen Treats can borrow funds from its bank in $1,000 increments. The company wants to maintain a minimum balance in the bank of $5.000. Interest is paid the following month on the balance due the preyious month at a rate of 1.5% per month and any loans are paid in $1,000 increments as soon as the company is able to while still maintaining the $5,000 minimum balance. 25% 50% 30% 1 5% 5% $ 195 $3,000 $s,ooo