Cash Budget for the next three months
Susie's Cakes by Design expects sales of $100,000 during each of the next three months. It will make monthly purchases of $60,000 during this time. Wages and salaries are $10,000 per month plus 5% of the sales. Susie expects to make a tax payment of $20,000 the first month, a $15,000 purchase of fixed assets the second month,