Given the following information, construct the firm's cash budget for February and March. You will only need to fill in the open text boxes in the chart.

• 75 percent of sales are for credit, and collections occur after thirty days.
• A $100,000 Treasury bill matures in March.
• Monthly fixed disbursements are $14,000.
• Variable disbursements are 62 percent of sales and occur one month prior to sales.
• A tax payment of $13,500 is due in February.
• Ending cash in January is $20,000.

	January	February	March	April
Sales	$40,000	$60,000	$80,000	$100,000
Cash Sales	------
Collections	------
Other Receipts	------
Total Cash Receipts	------	Answer?	Answer?
Variable Disbursements				$30,000
Fixed Disbursements
Other Disbursements
Total Cash Disbursements		Answer?	Answer?
New Change During the Month		Answer?	Answer?
Beginning Cash		Answer?	Answer?
Ending Cash		Answer?	Answer?