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please a, b , c Multiple cash budgets-Scenario analysis Brownstein, Inc, expects sales of $98.000 during each of the next 3 monthis it will make
please a, b , c
Multiple cash budgets-Scenario analysis Brownstein, Inc, expects sales of $98.000 during each of the next 3 monthis it will make monthly purchases of $60,000 during this uime. Wages and salaries are $14,000 per month plus 4% of sales. Brownstein expects to make a tax payment of $23,000 in the next month and a $10,000 purchare of fuxed assets in the second month and to receive 58.000 in cash from the sale of an asset in the thicd month Al sales and purchases are for cash. Beginning cash and the minincmi cash batance afe assumed to be zero a. Construct a cash budget for the next 3 months b. Brownstein is unsure of the sales levels, but af other figures are certain if the nost pessimistle sales figure is $83.000 por month and the most optimistic ia 5122.000 per menth. what are the monthly minimum and maimum ending cash balances that the fim can expect for each of the t. month periods? c. Eriely discuss how the financial manager cas use the data in parts a. and b. to plan for financing needs a. Construct a cash budget for the next 3 months. Complete the Brownstein, Inc.'s cash budget for the 1st month below: (Round to the nearest $000.) Step by Step Solution
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