Cast bedget: Bseic Grenoble Enterprizes had solee of $$50,000$ in March and $$60,000$ in April. Forecaet aslez for May, June, and July

sre $$70,000,$$$80,000,$ and $$100,000,$ resepectively. The firm hae s cash balance of $$5,000$ on May $1$ and wishee to maintain s minimum cash

balsnce of $$5,000.$ Given the following dats, prepare and interpret s cash budget for the monthe of May, June, and July.

The firm make $20\%$ of sole for cash, $60\%$ se collected in the next month, and the remaining $20\%$ sre collected in the second month

The firm receive other income of $$2,000$ per month.

The firm'e sctual or expected purchsees, all made for cash, are $$50,000,$$$70,000,$ snd $$80,000$ for the monthe of Moy through July,

Rent iz $$3,000$ per month.

'Wisee snd solaries are $10\%$ of the previous month's soles.

Coth dividends of $$3,000$ will be paid in June.

Psyment of principal and interet of $$4,000$ iz due in June.

A cosh purchase of equipment costing $$6,000$ iz echeduled in July.

Taxes of $$6,000$ are due in June.

Cost Receipts and Disbursenents for Basic Grenoble Enterprises

Cost Budqet for Basic Grenoble Enterprises

Interpretation: