Cash Budget & Short-Term Financing Presented below are partial October, November, and December cash budgets for Holidays Events Loans are obtained in increments of $1,000 at the start of each month to maintain a minimum end-of-month balance of $12,000. Interest is one percent simple interest (no compounding) per month, payable when the loan is repaid. Repayments are made as soon as possible, subject to the minimum end-of-month balance Complete the short-term financing section of the cash budget and all missing figures. Use a negative sign with answers to indicate a cash disbursement. HOLIDAY EVENTS Partial Cash Budgets For the Months of October, November, and December October November December Total Cash balance, beginning $23,000 $ Collection on sales 35,000 40,000 80,000 Cash available for operations Disbursements for operations Ending cash before borrowings or replacements Short-term finance: (50,000) (60,000) (40,000) New loans Repayments Interest Cash balance, ending