paid in December. Of the remainder of the manufacturing costs, 80% are expected to be paid in the month in which they are incurred and the balance in the following month. November. Management desires to maintain a minimum cash balance of $34,000. Required: 1. Prepare a monthly cash budget and supporting schedules for September, October, and November. Assume 360 days per year for interest calculations. On the basis of the cash budget prepared in part (1), what recommendation should be made to the controller? e budget indicates that the minimum cash balance be maintained in November. This situation can be corrected by and/or by the of the marketable curities, if they are held for such purposes. At the end of September and October, the cash balance will the minimum desired balance