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Chapter 7 Assignment 5 Campbell Medical Clinic has budgeted the following cash flows. Cash...

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Chapter 7 Assignment 5 Campbell Medical Clinic has budgeted the following cash flows. Cash receipts Cash payments For Inventory purchases For 5 expenses January February March $104,000 $110,000 $130,000 92,00 74,000 87,000 33,000 34,000 29.ece 20 Bock Print Campbell Medical had a cash balance of $10,000 on January 1. The company desires to maintain a cash cushion of $9.000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the Interest rate is 2 percent per month. Repayments may be made in any amount available. Campbell pays its vendors on the last day of the month also. The company had a monthly $40,000 beginning balance in its line of credit liability account from this year's quarterly results. Required Prepare a cash budget. (Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign.) Cash Budget Section 1: Cash Receipts January February March Total cash available Section 2 Cash Payments Total budgeted disbursements Mc w ill 30 &TVA W

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