The controller of Bridgeport Housewares Inc, instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:

maintain a minimum cash balance of $$42,000.$

Required:

Prepare a monthly cash budget and supporting schedules for September, October, and November. Assume $360$ days per year for interest calculations.

On the basis of the cash budget prepared in part $(1),$ what recommendation should be made to the controller?

The budqet indicates that the minimum cash balance