Description Here is the format that will help you in answering the questions. it is a 3 month budget - sales are expected to be $100,000 each month (provided). Fill in the rest of the chart and answer the questions!

1st Month 2nd Month 3rd Month

Sales: $100 $100 $100

Sale of asset:

Purchases

Wages

Taxes

Purchase of fixed asset

Net cash flow $ $ $ Add: Beginning cash

Ending cash:

Question 1 What were the purchases ($) fror the 1st month? a. $100 b. ($100) c. ($60) d. ($15) 3 points (Extra Credit)

Question 2 What was the ending cash for the 1st month? a. $40 b. $5 c. ($14) d. $ 0.00 3 points (Extra Credit)

Question 3 What was the sales for the 2d month? a. $200 b. $100 c. $60 d. $0 3 points (Extra Credit)

Question 4 What were the wages for the 3rd month? a. ($40) b. ($15) c. ($5) d. There were no wages for that month! 3 points (Extra Credit)

Question 5 What was the ending cash balance in month 3? $48 $246 $($59) ($105)