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Jaydens Carryout stores has eight locations: The firm wishes to expand by two more stores and needs a bank loan to do this. Mrs. Wison,

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Jaydens Carryout stores has eight locations: The firm wishes to expand by two more stores and needs a bank loan to do this. Mrs. Wison, the banker, will tinance construction if the firm can present an acceptable three-month tinancial plan for January through March. The folowing are actual and forecast saies figures Of the firmis soles. 50 percent are for cash and the remeining 50 percent are on credit Of credat saies, b0 percent are gaki in the month atter sale and 50 percent are paid in the second month after the sale. Materials cost 35 percent of soles and are purchased and received each month in an amount sufficient to cover the following month's expected sales. Moterials are paid for in the month after they are received Labor expense is 45 percent of sales and is paid for in the month of sales. Selling and odministrative expense is 10 percent of soles and is paid in the month of soies. Overhead expense is $22. oco in cosh per month. Deprecianion expense is $10,800 per manth. Toxes of $0,800 will be paid in Janualy, and diviends of $6,000 win be paid in March. Cash at the beginning of January is $96,000, and the minimum desired cash baiance is $91,000. a. Prepore a scheduse of monthly cash receipts for January. February, and March. b. Prepare o schedule of monthly cash poyments for January. February, and March. Note: Input all amounts as positive. Leave no cells biank be certain to enter 0 wherever required, b. Prepare a schedule of monthly cash payments for January, February, and March. Note: Input all amounts as positive. Leave no cells blank be certain to enter 0 wherever feqs c. Prepare a monthy cash tudget with borrowings and repayments for January, February, and March. Note: Negative amounts should be indicated by a minus sign. Assume the January beginning loan balnnce is 50 , Leave no celis blank be certain to enter 0 wherever required

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