Question $2$

$(20$ marks$).$

Calvin Gross manufactures and sells formal suits. It is ready to begin its first quarter, in which they have their highest sales. The company has approached the Bank for a loan, and the Bank has asked the corporation to submit a cash budget for the first quarter. The following data has provided to you:

a$.$ At the beginning of the fourth quarter the cash balance will be $$14,000,$ the company must maintain a cash balance of at least $$14,000$ at the end of each month.

b$.$ Sales figures is given below

$\backslash$table$[[$Month$,\backslash$table$[[$Total Cash$],[$collection from$],[$Sales$]]],[$July $2024,$$$83,000$