Homework $24-2$

Warrior is preparing its budget for the first quarter of $2024.$

They have collected the following information: Cash sales are $50\%$; credit sales are $50\%.$

Clients usually pay for their credit sales at a $45\%$ rate in the month of the sale,

and $55\%$ the month after the sale.

Purchases of supplies are paid $75\%$ in the month of purchase and $25\%$ the

Other monthly expenses total $$31,000$ each month, which includes $$4,000$ of depreciation expense.

Prepare a cash budget for January, February and March assuming a beginning cash

balance of $$14,000$ on January $1,2024.$