First Second Cash budget Quarter Quarter Third Quarter Fourth Quarter Beginning cash 10,000 $ 52,500 $ (140,500) $ (62,500) Customer receipts 140,000 160,000 200,000 250,000 Available cash $ 150,000 $ 212,500 59,500 $ 187,500 Less: disbursements Direct materials $ 28,000 30,000 $ 41,000 48,000 Direct labor 14,000 16,000 20,000 25,000 Factory overhead 13,500 14,000 15,000 17,000 SG&A 31,000 31,000 33,000 33,000 Other expense and tax 11,000 12,000 13,000 15,000 Equipment purchases 250,000 225,000 Total disbursements $ 97,500 $ 353,000 $ 122,000 $ 363,000 Cash surplus (deficit) $ 52,500 $ (140,500) $ (62,500) $ (175,500) Financing: Planned borrowing $ $ Planned repayment $ $ $ $ Ending cash balance $ 52,500 $ 10+ (140,500) $ (62,500) $ (175,500)