# Week 11 | Business & Finance homework help

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Week 11 | Business & Finance homework help
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1.    Given the following information:

75 percent of sales are for credit, and collections occur after thirty days.
A \$100,000 Treasury bill matures in March.
Monthly fixed disbursements are \$13,000.
Variable disbursements are 62 percent of sales and occur one month prior to sales.
A tax payment of \$13,500 is due in February.
The initial cash is \$20,000.
The minimum required cash balance is \$5,000.
Variable cash disbursements for April are \$30,000.

 Sales January 0 February 60,000 March 80,000 April 100,000

Construct the firm’s cash budget for the given months.

2.    Given the following information:

 Sales June \$200,000 July 200,000 August 200,000 September 300,000 October 500,000 November 200,000

3.
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 this firm

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