Prepare a cash budget for the months of October

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Question - Anastasia, a financial analyst for Savemore Supermarket, has prepared the following sales and cash disbursement estimates for the period of August through December of the current year.

Month

Sales

Disbursement

August

400

300

September

500

500

October

500

700

November

600

400

December

700

500

90% of sales are for cash, the remaining 10% are collected one month later. All disbursements are on a cash basis. The firm wishes to maintain a minimum cash balance of P50. The beginning cash balance in September is P25.

Required - Prepare a cash budget for the months of October, November, and December, nothing any needed financing or excess cash available.

Reference no: EM133110248

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