Nike, Inc. prepares a cash budget for the upcoming quarter. In September 2038, the company estimates the following cash flows:

• Cash Receipts: $500,000,000
• Cash Payments: $450,000,000
• Beginning Cash Balance: $50,000,000

Requirements:

• Prepare a cash budget for the upcoming quarter.
• Analyze the cash budget to identify potential cash shortfalls.
• Recommend strategies to manage cash flow.
• Prepare a report on the importance of cash budgeting.
• Discuss the impact of cash management on overall financial health.