CASH FLOW

Calculate the cash flow budget for Admonition Enterprises for the upcoming 2004.year, on a quarterly basis. You have been provided with all revenue and expense items. Complete all necessary calculations for the cash budget. The minimum cash ending balance for each quarter is $50,000. You have a total line of credit available in the amount of $600,000. You cannot borrow past this limit. Interest paid per quarter is 3% calculated on a simple interest basis. All borrowings arc considered to occur on the first day of a quarter. All repayments arc considered to occur on the last day of a quarter. Interest is paid at the same time as principal repayments. All principal borrowings/repayments are in increments of $1,000, except for a total pay off where the exact amount is paid