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Question 1 Dairy Farmers of Ontario (DFO) is the marketing group for Ontario's dairy farms. Suppose the organization begins 2014 with cash of $28 million.

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Question 1 Dairy Farmers of Ontario (DFO) is the marketing group for Ontario's dairy farms. Suppose the organization begins 2014 with cash of $28 million. DFO estimates cash receits during the year will total $15 million. Planned payments for the year will total $14 million. To meet member commitment, DFO must maintain a cash balance of at least $25 million. Prepare the organization's cash budget for 2014

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