if you were the Finacial Manager for Stars and Stripes Clothing, What would you do with the excess cash that the firm expects in the second, third, and fourth quarters? (150words)

reditreport.com. Correct any Toege-gras money financial-guide cash budget. A cash budget estimates cash receipts and cash expenditures over a specified period. Notice in the cash budget for Stars and Stripes Clothing, shown in Figure 16-4, cash sales and collections are listed at the top for each calendar Payments for purchases and routine expenses are listed in the middle section. Using this information, it is possible to calculate the anticipated cash gain or loss at the end of each quarter for this retail clothing store. cash budget a financial statement that estimates cash receipts and cash expenditures over a specified period quarter. FIGURE 16-4 Cash Budget for Stars and Stripes Clothing A company-wide cash budget projects sales, collections, purchases, and expenses over a specified period to anticipate cash gains and losses. STARS AND STRIPES CLOTHING Cash Budget From January 1, 20xx to December 31, 20xx Fourth Quarter (9) First Charter (9 Second Quarter (9 Third Quarter (9) Total (9) 150,000 160,000 150,000 185,000 645,000 Cash sales and collections Less payments Purchases Wages/salaries 110,000 80,000 90,000 60,000 340,000 25,000 20,000 25,000 30,000 100,000 Rent 10,000 10,000 12,000 12,000 44,0000 Other expenses 4,000 4,000 5,000 6,0000 19,000 10,000 Taxes 8,000 36,000 8,000 122.000 118,000 539,000 Total payments 38.000 67,000 106,000 Discussion Questions gain or (loss) 157,000 (7,000) 10,000 142.000 8,000