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1)  Jazzy Inc. wants to maintain a minimum cash balance of $20 million, the company has this on hand. The

company receivables balance of $187 million and has developed the following sales and cash disbursement budgets in millions:

                                                Q1     Q2      Q3      Q4

Sales                                      $315    $390   $475   $435

Total cash disbursement         $265   $340   $560   $375

Cash Collections                    $385    $363    $445 $449                            



What are the cash budget for the company?


Q1 Q2 Q3 Q4

Beginning receivables

Sales   

Cash collections

Ending receivables

Total cash collections

Total cash disbursements

Net cash inflow

Beginning cash balance

Net cash inflow

Ending cash balance

Minimum cash balance

Cumulative surplus (deficit)

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