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( Preparation of a cash budget ) Harrison Printing has projected its sales for the first eight months of 2 0 1 4 ss follows:

(Preparation of a cash budget) Harrison Printing has projected its sales for the first eight months of 2014 ss follows: .
interest during May. Finally, Harrison follows a policy of repsying its outstanding short-term debt in any month in which its cash balance exceeds the minimum desired balance of $20,000.
You will need to prepare the cash budgets for three scenarios: most likely (sales given in ), worst case (sales down by 20%), and best case (sales up by 20%).)
b. Harrison has a $199,100 note due in June. Will the firm have sufficient cash to repay the logn?
will need to prepare the cash budgets for three scenarios: most likely (sales given in
Complete (month by month) the cash budget for the most likely case scenario below: (Round to the nearest dollar.)
Cash Receipts
Sales for cash(20%)
First month after sales (50%)
Second month sfter sales (30%)
Total Cash Receipts
Cosh disbursements
Rsw materials
Rent
Other expenditures
Tax prepsyments
Total Cash Disbursements
Net Change in Cash
Net change in cash for period
(+) Beginning cash balance
(-) Interest on short-term borrowing
(-) Short-term borrowing repsyments
(=) Ending cash balance b/ borrowin
New Financing Needed
Finsncing needed for period
Ending cash balance
Cumulative borrowing
$
$
$
$
$
s
s,21,000s
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