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La Brasserie Royale is preparing its cash budget for the upcoming quarter. The following information is available: Expected Sales Revenue (April, May, June): 300,000, 350,000,

La Brasserie Royale is preparing its cash budget for the upcoming quarter. The following information is available:

  • Expected Sales Revenue (April, May, June): €300,000, €350,000, €400,000
  • Cash Collections: 70% in the month of sale, 20% in the following month, 10% uncollectible
  • Cash Payments: 60% of purchases made in the month of purchase, 40% in the following month
  • Beginning Cash Balance: €60,000
  • Desired Ending Cash Balance: €50,000

Prepare a cash budget for La Brasserie Royale for the second quarter.

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