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Jayden's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Mrs .

Jayden's Carryout Stores has eight locations. The firm wishes to expand by two more stores and needs a bank loan to do this. Mrs. Wilson, the banker, will finance construction if the firm can present an acceptable three-month financial plan for January through March. The following are actual and forecast sales figures:
\table[[Actual,Forecast,Additional Information],[November,$260,000,January,$400,000,April forecast $400,000c. Prepare a monthly cash budget with borrowings and repayments for January, February, and March.
Note: Negative amounts should be indicated by a minus sign. Assume the January beginning loan balance is $0. Leave no cells blank be certain to enter 0 wherever required.
Answer is complete but not entirely correct.
\table[[Jayden's Carryout Stores],[Cash Budget],[,,nuary,February,,larch],[Total cash receipts,$,350,400,405,000,$,409,200],[Total cash payments,,0,0x,,0x

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