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How much operating reserve or liquidity should the school

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Question 1: Use Excel to develop a monthly cash-flow budget for a preschool based on the information below. Assume that the board of directors does not allow for short-term borrowing. How much operating reserve or liquidity should the school have to embark on the preschool program? In what month will the end-of-the-month balance turn positive? In addition to answering these questions based on your cash-flow budget, please copy-paste or attach your Excel cash-based budget table to receive full credit for your work.

Revenues

Tuition fees: $100,000 paid monthly

Event income: $50,000 by Thanksgiving

Foundation support: $200,000 semiannually, May and November

Expenses

Salary and wages: $80,000 monthly

Rent and maintenance: $100,000 in January

Supply and food: $10,000 monthly

Administration and fundraising: $10,000 monthly

Reference no: EM132483645

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