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 1% simple interest (no compounding) per month, payable when a loan payment is made. 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 or a negative ending cash balance.

HOLIDAY EVENTSPartial Cash BudgetsFor the Months of October, November, and December OctoberNovemberDecemberTotalCash balance, beginning $25,000AnswerAnswerAnswerCollection on sales 100,00090,000140,000AnswerCash available for operations AnswerAnswerAnswerAnswerDisbursements for operations (115,000)(110,000)(115,000)AnswerEnding cash before borrowings or replacements AnswerAnswerAnswerAnswerShort-term finance: New loans AnswerAnswerAnswerAnswerRepayments AnswerAnswerAnswerAnswerInterest AnswerAnswerAnswerAnswerCash balance, ending AnswerAnswerAnswerAnswer