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Gerry Jacobs, a financial analyst for Best Valu Supermarkets, has
prepared the following sales and cash disbursement estimates for the
period August through December of the current year.
[TABLE BELOW]
90 percent of sales are for cash, the remaining 10 percent are collected one month
later. All disbursements are on a cash basis. The firm wishes to maintain a
minimum cash balance of $50. The beginning cash balance in September is $25.

Prepare a cash budget for the months of October, November, and December, noting
any needed financing or excess cash available.

Gerry Jacobs a financial analyst for Best Valu Supermarkets has prepared the following sales and cash disbursement estimates for the period August through Decem class=

Respuesta :

The cash is excess available in month of September , October, November and December.

A cash budget is a projection of a company's cash flows over a given time frame. The budget in question can be for a week, month, quarter, or year. This budget is used to determine whether the entity has enough money to keep running for the specified period of time.

What role does the cash budget play?

  • A financial budget is crucial, particularly for smaller businesses. It enables a business to decide how much credit it can provide to clients without experiencing liquidity issues.
  • A cash budget assists in preventing a cash crunch at times when a business faces a large volume of costs.

To Learn more about Cash Budget, Click the links.

https://brainly.com/question/15865418

https://brainly.com/question/15310092

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