Prepare and interpret cash budget

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Reference no: EM131820741

Cash budgetlong dash—Basic Grenoble Enterprises had sales of $49,600 in March and $59,500 in April. Forecast sales for? May, June, and July are $69,900?, $79,600?, and $100,100?, respectively. The firm has a cash balance of $4,500 on May 1 and wishes to maintain a minimum cash balance of $4,500. Given the following? data, prepare and interpret a cash budget for the months of? May, June, and July.

Reference no: EM131820741

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