Is there enough cash on October 31 to move forward with a $5,000,000 expansion, if $1,000,000 must be set aside for operational liquidity? Why or why not?

Frontier Airlines Assembly manufactures seats for private planes. They need to budget for the month of October, 2020. They want to know if they will have enough funds for a $5,000,000 planned expansion. Your job is to complete the budgets indicated and answer the questions below. The CEO has said she wants to build & sell 3000 seats in October, 4000 seats in November, and 2500 seats in December. Each seat will sell for $4500 each. The cost of the materials for each seat has been broken down: Leather $400, Frame & Cushion $600, Misc. Bolts $40. The production manager says it takes about 15 hours to build and average labor cost is $35/hour per seat. Other costs you may want to consider include utilities for the factory $20/seat, factory salaries for janitor & supervisor $10,000/month, Depreciation on factory equipment $15,000/month, CEO Salary is $150,000/year, CFO Salary is $120,000/year, Admin Assistant is $35,000/year. Selling expenses are $25,000/month. Misc. office expenses are $1000/month, Office Equipment depreciation $2,500/month. Everything is paid in the month of, as the CEO doesn't like to owe anyone. The CEO would like 30% of next month's production ready to sell so there is no shortage. Cash is collected 60% in the month of sale, and the remainder in the month following. Beginning Balances are listed below: Accounts Receivable on 10/1 is $50,000 Accounts Payable on 10/1 is $0 Retained Earnings on 10/1 is $1,900,000 Cash 10/1 is $200,000 Required Profit Margin 40% Income Tax Rate is 20% Finished Goods, 10/1 is $20,000 Finished Goods, 10/31 is $40,000 WIP, 10/1 is $10,000 WIP, 10/31 is $15,000 Materials desired beginning, 10/1 is $50,000 (Leather $4,000; Frames $8,000; Misc. Supplies $2,000) Materials desired ending, 10/31 is $8,000 (Leather $7,000; Frames $10,000; Misc. Supplies $4,000)