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$($Preparation of a cash budget$)$ Harrison Printing has projected its sales for the first eight months of $2014$ ss follows: $.$

interest during May. Finally, Harrison follows a policy of repsying its outstanding short$-$term debt in any month in which its cash balance exceeds the minimum desired balance of $$20,000.$

You will need to prepare the cash budgets for three scenarios: most likely $($sales given in $),$ worst case $($sales down by $20\%),$ and best case $($sales up by $20\%).)$

b$.$ Harrison has a $$199,100$ note due in June. Will the firm have sufficient cash to repay the logn$?$

will need to prepare the cash budgets for three scenarios: most likely $($sales given in

Complete $($month by month$)$ the cash budget for the most likely case scenario below: $($Round to the nearest dollar.$)$

Cash Receipts

Sales for cash$(20\%)$

First month after sales $(50\%)$

Second month sfter sales $(30\%)$

Total Cash Receipts

Cosh disbursements

Rsw materials

Rent

Other expenditures

Tax prepsyments

Total Cash Disbursements

Net Change in Cash

Net change in cash for period

$(+)$ Beginning cash balance

$(-)$ Interest on short$-$term borrowing

$(-)$ Short$-$term borrowing repsyments

$(=)$ Ending cash balance b$/$ borrowin

New Financing Needed

Finsncing needed for period

Ending cash balance

Cumulative borrowing

$

$

$

$

$

s

$s,21,000s$

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