PROBLEMS Excel is recommended for many of the problems. Fill in the missing cells in the following cash budget. Explain the implications of the calculated net cash flows. Assume that the firm does not have a target cash balance 1. Cash Budget ITEM Cash receipts JUNE $375 $295 JULY 345 $425 AUGUST $450 S535 = Net cash flow +Beginning cash = Ending cash $35 Suppose that this month a firm earned a net cash flow of $800. If monthly cash receipts equaled $1,200, how much were cash disbursements? 2. 85 3. Fill in the missing cells in the following cash budget. Explain the implications of the calculated net cash flows. Answers question 3 $450 Net cash flow $200 $300 + Beginning cash