Assignment Details Close Unit 3 - Individual Project (175 points) Due: Tue, May 23 | Printer Friendly Version Description You will create this assignment following the Assignment Detail instructions below. Review the tutorial How to Submit an Individual Project. Assignment Details Good cash management is impossible without an analysis of the cash collections and cash disbursements of a company. Cash budgets provide a gauge for determining credit, disbursement, and discount policies. Cash budgets are effective control devices for monitoring cash and determining financing requirements. Cash budgets are essential to all small businesses. In this assignment, you are required to do the following: . Develop a spreadsheet with a cash budget with lagging collections . Determine the net cash flows for the year Forecast the cumulative dollar amount of the external financing required for the year You are also required to prepare a 3-page analysis of the results of your cash budget. Middletown Construction, Inc. has estimated the following sales forecast over the next 12 months (they close in the winter): January $0 February $0 March $275,000 April $275,000 May $312,000 June $417,000 July $714,000 August $611,000