RST Inc. provided the following data for the month of November 2023:

Cash balance on November 1: $35,000

Receipts:

• Cash Sales: $40,000
• Collection from Accounts Receivable: $20,000
• Interest Received: $2,500

Payments:

• Salaries: $18,000
• Rent: $6,000
• Utilities: $2,500
• Marketing: $3,500

Requirements:

1. Summarize the cash receipts for November 2023 in a paragraph.
2. Summarize the cash payments for November 2023 in a paragraph.
3. Prepare the cash budget for November 2023.
4. Determine the cash balance as of November 30, 2023.
5. Analyze the effect of marketing expenses on the cash budget.