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Prepare Cash Budget For

$3$

$$Months

Brewster Corporation expects the following cash receipts and disbursements during the first quarter of the year

$($

receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January

$1$

$)$

January February March

Cash receipts $

$2$

$9$

$0$

$,$

$0$

$0$

$0$

$$$

$3$

$1$

$0$

$,$

$0$

$0$

$0$

$$$

$2$

$8$

$0$

$,$

$0$

$0$

$0$

Cash disbursements

$2$

$7$

$0$

$,$

$0$

$0$

$0$

$3$

$5$

$0$

$,$

$0$

$0$

$0$

$2$

$9$

$0$

$,$

$0$

$0$

$0$

The expected cash balance at January

$1$

$,$

$$is $

$7$

$2$

$,$

$0$

$0$

$0$

$.$

$$Brewster wants to maintain a cash balance at the end of each month of at least $

$7$

$0$

$,$

$0$

$0$

$0$

$.$

$$Short

$-$

term borrowings at

$1$

$\%$

$$interest per month will be used to accomplish this, if necessary. Borrowings

$($

in multiples of $

$1$

$,$

$0$

$0$

$0$

$)$

$$will be made at the beginning of the month in which they are needed, with interest for that month paid at the end of the month. Prepare a cash budget for the quarter ended March

$3$

$1$

$.$

Brewster Corporation

Cash Budget for the Quarter Ended

March

$3$

$1$

January February March

Beginning cash balance Answer

$0$

Answer

$0$

Answer

$0$

Cash receipts Answer

$0$

Answer

$0$

Answer

$0$

Short

$-$

term borrowings Answer

$0$

Answer

$0$

Answer

$0$

Cash available Answer

$0$

Answer

$0$

Answer

$0$

Cash disbursements Answer

$0$

Answer

$0$

Answer

$0$

Interest payment Answer

$0$

Answer

$0$

Answer

$0$

Total cash disbursements Answer

$0$

Answer

$0$

Answer

$0$

Ending cash balance Answer

$0$

Answer

$0$

Answer

$0$

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