1. Develop a monthly cash budget for Bluffton Pharmacy for the upcoming year. 2. What recommendations can...

Question:

1. Develop a monthly cash budget for Bluffton Pharmacy for the upcoming year.

2. What recommendations can you offer Angela Crawford and Martin Crawford to improve their pharmacy’s cash flow?

3. If you were Bluffton Pharmacy’s banker, would you be comfortable extending a line of credit to the pharmacy? Explain.

Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the... Line of Credit
A line of credit (LOC) is a preset borrowing limit that can be used at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. A LOC is...

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