Business, 24.02.2020 19:56 Manuel2019
Brownstein, Inc., expects sales of $ 100 comma 000 during each of the next 3 months. It will make monthly purchases of $ 60 comma 000 during this time. Wages and salaries are $ 10 comma 000 per month plus 5 % of sales. Brownstein expects to make a tax payment of $ 20 comma 000 in the next month and a $ 15 comma 000 purchase of fixed assets in the second month and to receive $ 8 comma 000 in cash from the sale of an asset in the third month. All sales and purchases are for cash. Beginning cash and the minimum cash balance are assumed to be zero.
a. Construct a cash budget for the next 3 monthe
b. Brownslein is unsure of the saos levels, but all other figures are certain, if the mont pessimistic sales figune is $83,000 per month and te most optimistic in $115,000 per month, what are the monthly minimum and maximum ending cash belances that the frm can expect for each oll the 1-month periods?
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Brownstein, Inc., expects sales of $ 100 comma 000 during each of the next 3 months. It will make mo...
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