Use the following Cash Flow Budget to answer questions 1 6. You do not need to show your work for Questions 1-6. Enter your answer as a whole number. ex. 1000

Cash Flow Budget Assumptions:

Beginning balance is $20,000

Cost of goods sold is 75% of sales

Building rent is $3,000 a month

Accounts payable turnover ratio is 12

Accounts receivable ratio is 6

Inventory turnover ratio is 6

A quarter of sales are paid in cash

Minimum cash balance is never less than $6,000

Cash Flow Budget

	April	May	June
Projected sales	$12,000	$15,000	$18,000
Purchases	Question 1	$15,000	$12,750
Pay Accounts Payable	$11,250	$13,500	Question 2
Pay Overhead	$3,000	$3,000	$3,000
Total Cash Outflow	$14,250	$16,500	$18,000
Projected Sales	$12,000	$15,000	$18,000
Cash Sales	$3,000	Question 3	$4,500
Collect Accounts Receivable	$6,000	$7,500	Question 4
Total Cash Inflow	$9,000	$11,250	$13,500
Beginning Cash Balance	$20,000	$14,750	$9,500
Total Cash Inflow	$9,000	$11,250	$13,500
Total Cash Available	$29,000	$26,000	$23,000
Total Cash Outflow	$14,250	$16,500	$18,000
Net Cash Balance	$14,750	Question 5	$5,000
Borrow/Repay	$ -	$ -	Question 6
Ending Cash Balance	$14,750	$9,500	$6,000
Cumulative Borrowing	$ -	$ -	$1,000

Using the table in question 1, calculate the net cash balance for May.

Using the table in question 1, calculate the amount needed to be borrowed/repaid in June. If funds need to be borrowed enter as a positive number. If funds are repaid enter as a negative number.