MASTER BUDGETI'ING On December 31, 2019, Good Dental is a new distributor of dental products to dental clinics. It is attempting to project cash receipts and disbursements through Jan.3'l, 2020. On this date, a note will be payable in the amount of P101000. This amount was borrowed in September to carry the company through in November and December. Selected general ledger balances on Dec. 1 are: Cash P30,000 Inventory 111,800 Accounts payable 139,000 Clinics are given 3% discount if payment is made within the first 10 days of the month after sale, with the balance due by the end of the month after the sale. Experience has shown that 50% of the billings will be collected within the discount period, 30% by the end of the month after purchase, and 15% in the following month. The remaining 5% will be uncollectible. There are no cash sales. The average selling price of the company's products is P110 per unit. Actual and projected sales are: October actual P287,000 November actual 629,000 December estimate 561,000 Jan uary estimate 612,000 February estimate 510,000 Total estimated for the year P3,218,750 All purchases from suppliers are payable within 15 days. Approximately, 60% of the purchases in a month are paid that month and the rest the following month. The average unit purchase cost is P130. Target inventories are 570 units plus 20% of the next month's unit sales. Total budgeted marketing, distribution, and customer service costs for the year are P610,000. Ofthis amount P155,000 are considered fixed (and include depreciation of P43,400). The remainder varies with sales. Both fixed and variable marketing, distribution, and customer service costs are paid as incurred. Prepare a cash budget for December 2019 and January 2020. Show supporting schedules for collections of receivables, payment for merchandise, and marketing, distribution, and customer service costs. Why do managers prepare a cash budget in addition to the operating income budget