Multiple cash budgets-Scenario analysis Brownstein, Inc, expects sales of $105,000 during each of the next 3 months It will make monthly purchases of 565,000 during this time Wages and salaries are $10,000 per month plus 4% of sales Brownstein expects to make a tax payment of 524,000 in the next month and a $18,000 purchase of fixed assets in the second month and to receive $9,000 in cash from the sale of an asset in the third month. All sales and purchases are for cash Beginning cash and the minimum cash balance are assumed to be zero a. Construct a cash budget for the next 3 months b. Brownstein is unsure of the sales levels, but all other figures are certain of the most possimistic sales figure is $85,000 per month and the most optimistic is $125,000 per month what are the monthly minimum and maximum ending cash balances that the firm can expect for each of the 1-month periods? c. Briefly discuss how the financial manager can use the data in parts a. and b. to plan for financing needs Brownstein, Inc Cash Budget (5000) Most likely scenario 1st Month Sales $ Sale of asset s Purchases $ Wages and salaries $ Taxes $ Purchase of fixed asset $ Nel cash flow $ Add Beginning cash $ Ending cash $