Gerry Jacobs, a financial analyst for Best Valu Supermarkets, has prepared the following sales and cash disbursement estimates for the period August through December of the current year.

Month	Sales	Cash Disbursements
August	$400	$300
September	500	400
October	600	500
November	600	450
December	700	500

70 percent of sales are for cash, the remaining 30 percent are collected one month later. All disbursements are on a cash basis. The firm wishes to maintain a minimum cash balance of $50. The beginning cash balance in September is $25. Prepare a cash budget for the months of October, November, and December, noting any needed financing or excess cash available.

Genel bak Planlar ENM3001 (1-2) Financ... Kaynaklar Cildl Durum ve izleme dlld idzie Calculate Net Cash Flow in Sep = Oct = Nov = Dec = Ending Cash Balance in La Sep = Oct = Nov = Dec = Required Financing in Sep = Oct = Nov = Dec = 0 Excess Cash in Sep = 0 Oct = 0 Nov = 0 Dec = Geri Sonraki Testid i ELS