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The frm has cash balancef 35400 on y 1 and wisthes to maintain a mitimum cash balance of $5,400. Given tre flowing data, prepare and

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The frm has cash balancef 35400 on y 1 and wisthes to maintain a mitimum cash balance of $5,400. Given tre flowing data, prepare and interpret a cash budget for he months of Mary, June, and Juy (1)The fim makes%ofsaestr cath, $8% are oolleeted nthonoxt month, and the romanng 23% are oolected r,the second ment, followng sale 2) The frm receives other income of $2.100 per month a) The finn's actual or expected purchases ande for cash, ao $50.500$69,000, and $80.300 forte moths of May trough July,respectively 4) Rent is $2,000 per month es> Wages and salanes are 12%ofthe prveos mentis sale ) Cash dividends of $3.000 will be paid in June )Payment of principal and interest of $4 400 is due in Jure ) A cash purchace of equipment coaing$,200 is scheduled in Juy Taxes of $6,500 due in June Principal and interest Purchase of new epment Taxes due Total cash disburements (00.34) Round to the neanest dolar. Please ingut all Pe values in the lable before checking your anawers) April 400 Add: Boginning cash Ending cash Mnimum cash Roquired total finaning Coes pay Excess cash belance (marketable seouries) The frm has cash balancef 35400 on y 1 and wisthes to maintain a mitimum cash balance of $5,400. Given tre flowing data, prepare and interpret a cash budget for he months of Mary, June, and Juy (1)The fim makes%ofsaestr cath, $8% are oolleeted nthonoxt month, and the romanng 23% are oolected r,the second ment, followng sale 2) The frm receives other income of $2.100 per month a) The finn's actual or expected purchases ande for cash, ao $50.500$69,000, and $80.300 forte moths of May trough July,respectively 4) Rent is $2,000 per month es> Wages and salanes are 12%ofthe prveos mentis sale ) Cash dividends of $3.000 will be paid in June )Payment of principal and interest of $4 400 is due in Jure ) A cash purchace of equipment coaing$,200 is scheduled in Juy Taxes of $6,500 due in June Principal and interest Purchase of new epment Taxes due Total cash disburements (00.34) Round to the neanest dolar. Please ingut all Pe values in the lable before checking your anawers) April 400 Add: Boginning cash Ending cash Mnimum cash Roquired total finaning Coes pay Excess cash belance (marketable seouries)

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