Questions 1. Using the accompanying Excel workbook and information provided in the case narrative, develop a schedule of cash receipts, a schedule of cash payments, and a cash budget that includes the line of credit borrowing and repayment provisions. Developing a Cash Budget 10 2. Describe the cash flow patterns revealed in the schedules of cash receipts and payments. How do the patterns of cash receipts differ from cash expenses? 3. What additional information should the Squares consider before accepting Sea Island Bank's offer of a line of credit? 4. What cash management techniques could the Squares use to mitigate the impact of months when expenses are higher than revenues? What recommendations would you give to the organization to make its cash flows less seasonal? 5. The City of Savannah has asked the Squares to contribute $1 million toward the cost of a new video board. The payment would be due in June. Based on the cash budget you have prepared, should the Squares pay cash or seek financing options to cover their share?