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Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding cash disbursements for loan principal and interest payments)
| Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding cash disbursements for loan principal and interest payments) for the first three months of next year. |
| Cash Receipts | Cash Disbursements | |||
| January | $ | 516,000 | $ | 482,000 |
| February | 408,500 | 360,000 | ||
| March | 464,000 | 526,000 | ||
| According to a credit agreement with the company |
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