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Required: Prepare a cash budget for the month of March. (13 Marks) Sales are made 20 for cash and 80 on account. From experience, the

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Required: Prepare a cash budget for the month of March. (13 Marks) Sales are made \20 for cash and \80 on account. From experience, the company has learned that a month's sales on account are collected according to the following pattern: Month of sale \60, First month following sale \30, and Second month following sale \8. The remaining is considered uncollectible. The ending cash balance in February is budgeted to be \\( \\$ 6,000 \\). The company requires a minim cash balance of \\( \\$ 5,000 \\) to start a month. The company can borrow in any dollar amount and will an annual interest rate of \10 in May

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