Looking for help with part of an assignment for business finance. Please see below for details, and utilize the attached information to form your answer.

Preparea cash budget for Precision Machines in Microsoft Excel.Recommend a cash management strategy for the company that will minimize the financing cost and increase the cash flow for the company. At least400 words in APA format. Precision Machines Team Assignment FIN/370 Version 10 1 Precision Machines Read the following case study: Precision Machines is preparing a financial plan for the next six months to determine the financial needs of the company. The historical analysis of the company's sales shows that the company's total sales are 30% cash sales and 70% credit sales. Further analysis of credit sales shows that the company receives 50% of the credit sales one month after the sale and the remaining 50% in the second month after the sale. This means the cash collections from sales are 30% in the first month of the sale, 35% in the second month, and 35% in the third month. The materials purchased by the company amounts to 50% of the sales for the month. The company pays for the purchases one month after the initial purchase. The company likes to maintain a cash balance of $5,000. The cost of borrowing is 10%. The company plans to pay off the loan whenever there is a surplus and borrow when there is a deficit. The attached spreadsheet shows revenues (sales), expenses, capital expenditures, and other expenses for Precision Machines' next six months. Using the information given on the spreadsheet, prepare a cash budget for January through June and determine the cash surplus, deficit, and the financing needs of the company. Write a 300-word essay recommending a cash management strategy for the company that will minimize the financing cost and increase the cash flows for the company. Copyright XXXX by University of Phoenix. All rights reserved. Precision Machines Data: November Cost of borrowing Minimum Cash Balance Beginning Cash Balance Revenues (Sales) Materials Purchases Cash Collections First Month (30%) Second Month (35%) Third Month (35%) Total Collections Cash Disbursements Material Purchases Salaries Wages Other Expenses Capital Expenditure Dividends Interest Total Disbursements Cash flows Net cash flows Cumulative cash flows Minimum Cash Balance Cash Surplus or Deficit Recommendations: December January February March April May June $40,000 $50,000 $48,000 $55,000 $35,000 $50,000 $65,000 $40,000 November December January February March April May June 10.00% $5,000 $7,500 $ 6,000.00 $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 6,000.00 $ 3,000.00 $ 35,000.00 $ 3,000.00 $ 3,200.00 $ 3,500.00 $ 3,000.00 $ 25,000.00 $ 1,000.00 $ 1,000.00