Cash budget-Basic Grenoble Enterprises had sales of $49,700 in March and $60,200 in April. Forecast sales for May, June, and July are 570,400, $80,300, and $99,600, respectively. The firm has a cash balance of $5,100 on May 1 and wishes to maintain a minimum cash balance of $5,100. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 17% of sales for cash, 63% are collected in the next month, and the remaining 20% are collected in the second month following sale. (2) The firm receives other income of $2,400 per month (3) The firm's actual or expected purchases, all made for cash, are $49,500, $69,500, and $80,300 for the months of May through July, respectively. (4) Rent is $3,000 per month (5) Wages and salaries are 10% of the previous month's sales. (6) Cash dividends of $2,500 will be paid in June. (7) Payment of principal and interest of $3,900 is due in June. (8) A cash purchase of equipment costing $6,100 is scheduled July (9) Taxes of $5,800 are due in June Complete the first month of the cash budget for Grenoble Enterprises below: (Round to the nearest dollar. Please input all the values in the table before checking your answers.) March May 70,400 $ Sales Cash sales April 60,200 $ 10,234 $ 49,700 $ 8,449 Lag 1 month S Lag 2 months $ $ Other income Total cash receipts $ (Round to the nearest dollar. Please input all the values in the table before checking your answers.) March April May Disbursements S $ $ $ Purchases Rent Wages and salaries Dividends Principal and interest Purchase of new equipment Taxes due Total cash disbursements S S $ $ (Round to the nearest dollar. Please input all the values in the table before checking your answers.) March April May Net cash flow S Dri Cash budget-Basic Grenoble Enterprises had sales of $49,700 in March and $60,200 in April. Forecast sales for May, June, and July are 570,400, $80,300, and $99,600, respectively. The firm has a cash balance of $5,100 on May 1 and wishes to maintain a minimum cash balance of $5,100. Given the following data, prepare and interpret a cash budget for the months of May, June, and July (1) The firm makes 17% of sales for cash, 63% are collected in the next month, and the remaining 20% are collected in the second month following sale. (2) The firm receives other income of $2,400 per month. (3) The firm's actual or expected purchases, all made for cash, are $49,500, $69,500, and $80,300 for the months of May through July, respectively. (4) Rent is $3,000 per month (5) Wages and salaries are 10% of the previous month's sales (6) Cash dividends of $2,500 will be paid in June. (7) Payment of principal and interest of $3,900 is due in June. (8) A cash purchase of equipment costing $6,100 is scheduled in July. (9) Taxes of $5,800 are due in June. March April May Net cash flow $ S $ Add: Beginning cash Ending cash Minimum cash Required total financing (notes payable) Excess cash balance (marketable securities) $ $ S Complete the second month of the cash budget for Grenoble Enterprises below: (Round to the nearest dollar. Please input all the values in the table before checking your answers.) April June May 70,400 $ Sales $ 60,200 $ 80,300 Cash sales S Lag 1 month Lag 2 months $ $ $ $ $ Other income Total cash receipts $ (Round to the nearest dollar. Please input all the values in the table before checking your answers.) April May June Disbursements Purchases $ Rent $ $ Wages and salaries Dividends $ Princinal and interest S Cash budget-Basic Grenoble Enterprises had sales of 549,700 in March and $60,200 in April. Forecast sales for May, June, and July are 570,400, $80,300, and $99,600, respectively. The firm has a cash balance of $5,100 on May 1 and wishes to maintain a minimum cash balance of $5,100. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 17% of sales for cash, 63% are collected in the next month, and the remaining 20% are collected in the second month following sale. (2) The firm receives other income of $2,400 per month. (3) The firm's actual or expected purchases, all made for cash, are $49,500, $69,500, and $80, 300 for the months of May through July, respectively. (4) Rent is $3,000 per month. (5) Wages and salaries are 10% of the previous month's sales. (6) Cash dividends of $2,500 will be paid in June. (7) Payment of principal and interest of $3,900 is due in June. (8) A cash purchase of equipment costing $6,100 is scheduled in July (9) Taxes of $5,800 are due in June. April May June Disbursements Purchases $ Rent $ Wages and salaries $ Dividends $ Principal and interest Purchase of new equipment $ Taxes due $ Total cash disbursements $ S (Round to the nearest dollar. Please input all the values in the table before checking your answers.) April May June $ $ $ Net cash flow Add: Beginning cash Ending cash Minimum cash Required total financing (notes payable) Excess cash balance (marketable securities) $ $ $ Complete the third month of the cash budget for Grenoble Enterprises below. (Round to the nearest dollar. Please input all the values in the table before checking your answers.) June May 70,400 $ July 99.600 Sales $ Cash sales 80,300 $ $ $ 11 Lag 1 month Cash budget-Basic Grenoble Enterprises had sales of $49,700 in March and $60,200 in April. Forecast sales for May, June, and July are 570,400, $80,300, and $99,600, respectively. The firm has a cash balance of $5,100 on May 1 and wishes to maintain a minimum cash balance of $5,100. Given the following data, prepare and interpret a cash budget for the months of May, June, and July (1) The firm makes 17% of sales for cash, 63% are collected in the next month, and the remaining 20% are collected in the second month following sale. (2) The firm receives other income of $2,400 per month (3) The firm's actual or expected purchases, all made for cash, are $49,500, $69,500, and $80,300 for the months of May through July, respectively. (4) Rent is $3,000 per month. (5) Wages and salaries are 10% of the previous month's sales. (6) Cash dividends of $2,500 will be paid in June. (7) Payment of principal and interest of $3,900 is due in June. (8) A cash purchase of equipment costing $6,100 is scheduled in July (9) Taxes of $5,800 are due in June June May 70,400 $ July 99.600 Sales $ 80,300 $ S S Cash sales Lag 1 month Lag 2 months Other income Total cash receipts S S S (Round to the nearest dollar. Please input all the values in the table before checking your answers.) May June July $ $ S Disbursements Purchases Rent Wages and salaries Dividends Principal and interest Purchase of new equipment Taxes due Total cash disbursements $ $ $ $ $ (Round to the nearest dollar. Please input all the values in the table before checking your answers.) May June July S Net cash flow Add: Beginning cash Ending cash S S Cash budget-Basic Grenoble Enterprises had sales of $49,700 in March and $60,200 in April. Forecast sales for May, June, and July are 570,400, $80,300, and $99,600, respectively. The firm has a cash balance of $5,100 on May 1 and wishes to maintain a minimum cash balance of $5,100. Given the following data, prepare and interpret a cash budget for the months of May, June, and July (1) The firm makes 17% of sales for cash, 63% are collected in the next month, and the remaining 20% are collected in the second month following sale. (2) The firm receives other income of $2,400 per month. (3) The firm's actual or expected purchases, all made for cash, are $49,500, $69,500, and $80,300 for the months of May through July, respectively. (4) Rent is $3,000 per month. (5) Wages and salaries are 10% of the previous month's sales. (6) Cash dividends of $2,500 will be paid in June. (7) Payment of principal and interest of $3,900 is due in June. (8) A cash purchase of equipment costing $6,100 is scheduled in July. (9) Taxes of $5,800 are due in June $ Other income Total cash receipts S (Round to the nearest dollar. Please input all the values in the table before checking your answers.) May June July $ S S Disbursements Purchases Rent Wages and salaries Dividends Principal and interest Purchase of new equipment Taxes due Total cash disbursements $ $ $ S S (Round to the nearest dollar. Please input all the values in the table before checking your answers.) May June July Net cash flow $ $ $ Add: Beginning cash Ending cash Minimum cash Required total financing (notes payable) $ $ Excess cash balance (marketable securities) S The firm should establish a credit line of at least s but may need to secure three to four times this amount based on scenario analysis. (Round to the nearest dollar.) Enter any number in the edit fields and then continue to the next