put it in spreadsheet format as attached to make it easier to understand as well as show work:Cash Budget

Beginning cash balance

Net cash inflow

Ending cash balance

Minimum cash balance

Cumulative surplus $($deficit$)$ You recently have been hired by Cuijpers Manufacturing to work in its newly established treasury department. Cuijpers Manufacturing is a smallShort$-$Term Financial Plan

company that produces cardboard boxes in a variety of sizes. Wendy Cuijpers, the owner of the company, works primarily in the sales and production

areas. Currently, the company puts all receivables in one shoe box and all payables in another. Because of the disorganized system, the finance area

needs work, and that$$s what you$$ve been brought in to do$.$

The company currently has a cash balance of $$138,000$ and plans to purchase new box$-$folding machinery in the fourth quarter at a cost of $$275,000.$ The

purchase of the machinery will be made with cash because of the discount offered. The company$$s policy is to maintain a target cash balance of

$$100,000.$ All sales are in cash and all purchases are made on credit.

Wendy Cuijpers has projected the following gross sales for each of the next four quarters:

Q$1$ Q$2$ Q$3$ Q$4$

Gross sales $$777,500$ $$826,500$ $$896,000$ $$832,000$

Gross sales for the first quarter of next year are projected at $$815,000.$

Cuijpers typically orders $50$ percent of next quarter$$s projected gross sales in the current quarter, and suppliers are typically paid in $53$ days. Wages,

taxes, and other costs run about $30$ percent of gross sales. The company has a quarterly interest payment of $$105,000$ on its long$-$term debt.

The company uses a local bank for its short$-$term financial needs. It pays $1\mathrm{.}5$ percent per quarter on all short$-$term borrowing and maintains a money

market account that pays $1$ percent per quarter on all short$-$term deposits.

Wendy has asked you to prepare a cash budget and short$-$term financial plan for the company under the current policies. She has also asked you to

prepare additional plans based on changes in several inputs.

page $4$ of $6|$ template version MMXX$\mathrm{.}01$

QUESTIONS

$1.$ Use the numbers given to complete the cash budget and short$-$term financial plan.

$2.$ Rework the cash budget and short$-$term financial plan assuming Cuijpers changes to a target balance of $$80,000.$

$3.$ Provide a written professional advisory letter to Wendy Cuijpers on the potential purchase of the box