Question 3: The Cash Budget of company Q for 2021 is given in Million Dollars Sales (gross) May June July August Sept $200 $250 $300 $400 $500 Oct Nov Dec $350 $250 $200 Net cash flows: Net cash flow (NCF) for month: row 25 minus row 34 Cumulative NCF: Prior month's cum. NCF plus this month's NCF Cash surplus (or loan requirement) Target cash balance Surplus cash (or loan needed); row 37-row 39 Surplus cash (or loan needed); row 37-row 39 How can this company treat the cash surpluses and deficits? ($11) (537) ($57) $44 $114 $34 ($11) ($48) ($105) ($61) $53 $87 $10 $10 $10 (521) (558) ($115) (571) $10 $10 $10 $43 $77 ($21) (558) ($115) (571) 543 $77 I