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Cash Budget & Short-Term Financing Presented below are partial October, November, and December cash budgets for Holidays Events.

Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum end-of-month balance of $12,000. Interest is one percent simple interest (no compounding) per month, payable when the loan is repaid. Repayments are made as soon as possible, subject to the minimum end-of-month balance.

Complete the short-term financing section of the cash budget and all missing figures.

Use a negative sign with answers to indicate a cash disbursement or a negative ending balance.

HOLIDAY EVENTS
Partial Cash Budgets
For the Months of October, November, and December
		October	November	December	Total
Cash balance, beginning		$22,000	Answer	Answer	Answer
Collection on sales		34,000	39,000	79,000	Answer
Cash available for operations		Answer	Answer	Answer	Answer
Disbursements for operations		(49,000)	(59,000)	(40,000)	Answer
Ending cash before borrowings or replacements		Answer	Answer	Answer	Answer
Short-term finance:
New loans		Answer	Answer	Answer	Answer
Repayments		Answer	Answer	Answer	Answer
Interest		Answer	Answer	Answer	Answer
Cash balance, ending		Answer	Answer	Answer	Answer

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