The following information is available from the controller's records for Titans Ltd$.$:

All sales are on credit. Records show that $80$ percent of the customers pay during the month of the sale, $15$ percent pay the month

after the sale, and the remaining $5$ percent pay the second month after the sale. Purchases are all paid the following month at a $1$

percent discount. Cash disbursements for operating expenses in July were $$8,000.$

Prepare a cash budget for July.

ANS: $\sqrt[\phantom{2}]{?}(22\frac{1}{2})=11$