Prepare a cash budget for the quarter and determine the cumulative short-term financing required.

50% are transacted on a cash basis for sales. 30% are collected on the following month, and the rest of the two months after transaction. The company pays all of its credit with a 1 month delay. The firm maintains a minimum operating cash balance of $150.

	June	July	August	September
Sales	$300	$400	$500	$600
Cash Purchases	50	100	150	200
Credit Purchases	150	300	350	400
Labor and Administrative	75	75	75	75
Taxes, Interest, Dividends	40	40	40	40
Capital Expenditure			100