Student Number Cash Budget Romulians Co. For the Period January to June 2010 November December January February March April May Sales Collections: Cash 470,000 282,000 436,500 547,500 580,500 493,500 357,000 June 217,500 July 138,000 50% ??? ??? ??? ??? 777 ??? First Month 30% ??? ??? ??? ??? ??? 777 Second Month 20% 777 ??? ??? ??? Total Collections 227 227 222 777 Purchases 50% 148,000 111,000 ??? ??? ??? ??? ??? ??? Payments First Month 50% 277 277 727 777 272 ??? Second Month 50% 777 777 777 777 727 Total Payments 777 227 772 777 222 Collections 777 ??? ??? ??? ??? ??? Less Disbursements: Inventory Payments 722 277 777 Wages, Tax and Other Exp. 40% 777 ??? 777 ??? ??? ??? Interest Payments 50,000 50,000 50,000 50,000 50,000 50,000 Capital Spenditure 0 0 0 150,000 0 0 Short-Term Interest Exp 727 ??? 222 222 Total Disbursements 222 222 Beginning Cash Balance Collections Disbursement Unadjusted Cash Balance Current Borrowing 777 277 777 777 777 777 777 727 777 777 ??? 777 222 25,000 777 222 772 727 Ending Cash Balance Cumulative Borrowing Notes: Minimum Acceptable Cash 20,000 Borrowing Rate (Annual) 796 Monthly ??? 722 222 222 222 222 ??? E 777 ??? ??? ??? 777 ???