Kaiser, Inc. has the following budgeted cash collections from the cash receipts budget and cash payments...

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Kaiser, Inc. has the following budgeted cash collections from the cash receipts budget and cash payments (excluding loan principal repayments and interest payments) from the cash disbursements budget for the next quarter (April, May, & June). Cash Cash Receipts Payments April $30,426 $27,440 May $30,190 $37,208 June $33,258 $29,960 In addition, Kaiser's beginning cash balance as of April 1 is $15,320. Kaiser, Inc. would like to maintain a minimum $15,000 cash balance at all times. In order to achieve this goal Kaiser has negotiated a line of credit with the bank. If the preliminary cash balance falls below $15,000 Kaiser will borrow the necessary funds to keep their balance above the desired amount. If the preliminary cash balance is above the $15,000 minimum balance they will use any excess to pay down any outstanding loan balance at the time. The interest rate on any outstanding line of credit balance is 6% per year. The interest is paid at the end of each month and is computed on the beginning loan balance for the month. They have a zero balance on their line of credit on April 1st. Prepare the cash budget for the quarter. Enter cash disbursements and loan repayments as a negative number. Round all calculations to the nearest whole dollar. Kaiser, Inc. Cash Budget For April, May, June April May June Beginning Cash Balance S $ S Cash collected S S S Cash Disbursements Cash payments (given) S S Interest on bank loan (6%) S $ Preliminary cash balance S $ S Additional loan/ or (repayment) $ S Ending cash balance $ $ $ Line of Credit balance April May June Loan balance at beg. of month $ $ Additional money borrowed $ 5 principal amount repaid $ $ $ Loan balance at end of month $ S Kaiser, Inc. has the following budgeted cash collections from the cash receipts budget and cash payments (excluding loan principal repayments and interest payments) from the cash disbursements budget for the next quarter (April, May, & June). Cash Cash Receipts Payments April $30,426 $27,440 May $30,190 $37,208 June $33,258 $29,960 In addition, Kaiser's beginning cash balance as of April 1 is $15,320. Kaiser, Inc. would like to maintain a minimum $15,000 cash balance at all times. In order to achieve this goal Kaiser has negotiated a line of credit with the bank. If the preliminary cash balance falls below $15,000 Kaiser will borrow the necessary funds to keep their balance above the desired amount. If the preliminary cash balance is above the $15,000 minimum balance they will use any excess to pay down any outstanding loan balance at the time. The interest rate on any outstanding line of credit balance is 6% per year. The interest is paid at the end of each month and is computed on the beginning loan balance for the month. They have a zero balance on their line of credit on April 1st. Prepare the cash budget for the quarter. Enter cash disbursements and loan repayments as a negative number. Round all calculations to the nearest whole dollar. Kaiser, Inc. Cash Budget For April, May, June April May June Beginning Cash Balance S $ S Cash collected S S S Cash Disbursements Cash payments (given) S S Interest on bank loan (6%) S $ Preliminary cash balance S $ S Additional loan/ or (repayment) $ S Ending cash balance $ $ $ Line of Credit balance April May June Loan balance at beg. of month $ $ Additional money borrowed $ 5 principal amount repaid $ $ $ Loan balance at end of month $ S