Prepare a Cash Budget for Sharpe Corporation. Can they pay their notes on time?
4-6) (Cash budget) The Sharpe Corporation's projected sales for the first eight months of 2004 are as follows: January $ 90,000 February 120,000 March 135,000 April 240,000 May $300,000 June 270,000 July 225,000 August 150,000 Of Sharpe's sales, 10 percent is for cash, another 60 percent is collected in the mo