Hello,

Please provide solution to this question, in whatever format that deems fit. I need answer for both the sub questions a) & b).

Thank you!

4. Total $ 5 $50 The cash budget for Harry's Hotels for the first three months of next year is as follows: Harry's Hotels Cash Budget ($ millions) January February March $ 5 Beginning balance Receipts $40 $45 Collections from sales Issue of debenture 25 $40 $45 Total receipts $75 Payments Trade suppliers $20 $25 $40 Wage & benefits 12 15 37 Repairs 10 10 New furniture 15 15 Dividend to shareholders 10 10 Income taxes 5 5 15 Total payments $60 $52 $60 $135 25 $160 $ 85 10 $172 Required (a) Is there a problem? (b) If there is a problem, suggest ways to fix it