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La Grande Brasserie is preparing its cash budget for the upcoming quarter. The following information is available: Expected Sales Revenue (April, May, June): 200,000, 250,000,

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

  • Expected Sales Revenue (April, May, June): €200,000, €250,000, €300,000
  • Cash Collections: 60% in the month of sale, 30% in the following month, 10% uncollectible
  • Cash Payments: 50% of purchases made in the month of purchase, 50% in the following month
  • Beginning Cash Balance: €50,000
  • Desired Ending Cash Balance: €40,000

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

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