Prepare a monthly cash budget for a firm given the following information. $\begin{array}{llc}
\text { Sales: } \quad \text { June } & \$ 200,000 \
\text { July } & 200,000 \
\text { August } & 200,000 \
\text { September } & 300,000 \
\text { October } & 500,000 \
\text { November } & 200,000
\end{array}$
70% of the sales are for credit and are collected one month after the sale.Other receipts: $50,000 in October
Variable disbursements: 60% of sales each month
Other disbursements: $10,000 a month
$80,000 for taxes in August
$400,000 for debt repayment in November
Beginning cash: $50,000
Desired cash: $10,000

Question

Prepare a monthly cash budget for a firm given the following information.​ $\begin{array}{llc}
\text { Sales: } \quad \text { June } & \$ 200,000 \
\text { July } & 200,000 \
\text { August } & 200,000 \
\text { September } & 300,000 \
\text { October } & 500,000 \
\text { November } & 200,000
\end{array}$ ​
70% of the sales are for credit and are collected one month after the sale.Other receipts: $50,000 in October
Variable disbursements: 60% of sales each month
Other disbursements: $10,000 a month
$80,000 for taxes in August
$400,000 for debt repayment in November
Beginning cash: $50,000
Desired cash: $10,000

Quizplus · Accepted Answer

The Answer of Prepare a monthly cash budget for a firm given the following information.​ $\begin{array}{llc}
\text { Sales: } \quad \text { June } & \$ 200,000 \
\text { July } & 200,000 \
\text { August } & 200,000 \
\text { September } & 300,000 \
\text { October } & 500,000 \
\text { November } & 200,000
\end{array}$ ​
70% of the sales are for credit and are collected one month after the sale.Other receipts: $50,000 in October
Variable disbursements: 60% of sales each month
Other disbursements: $10,000 a month
$80,000 for taxes in August
$400,000 for debt repayment in November
Beginning cash: $50,000
Desired cash: $10,000

Prepare a Monthly Cash Budget for a Firm Given the Following