. Prepare a monthly cash budget and supporting schedules for March April and May. Input all amounts as positive values except overall cash
decrease and deficiency which should be indicated with a minus sign. Assume 360 days per year for interest calculations. Dash Shoes Inc. Cash Budget For the Three Months Ending May 31 2012 March April May Estimated cash receipts from: Cash sales $ Correct 9 of Item 1 $ Correct 10 of Item 1 $ Correct 11 of Item 1 Collection of accounts receivable Correct 13 of Item 1 Correct 14 of Item 1 Correct 15 of Item 1 Dividends Correct 17 of Item 1 Total cash receipts $ Correct 19 of Item 1 $ Correct 20 of Item 1 $ Correct 21 of Item 1 Estimated cash payments for: Manufacturing costs $ Correct 24 of Item 1 $ Correct 25 of Item 1 $ Correct 26 of Item 1 Selling and administrative expenses Correct 28 of Item 1 Correct 29 of Item 1 Correct 30 of Item 1 Capital expenditures Correct 32 of Item 1 Other purposes: Note payable (including interest) Correct 35 of Item 1 Income tax Correct 37 of Item 1 Dividends Correct 39 of Item 1 Total cash payments $ Correct 41 of Item 1 $ Correct 42 of Item 1 $ Correct 43 of Item 1 Cash increase or (decrease) $ Correct 45 of Item 1 $ Correct 46 of Item 1 $ Correct 47 of Item 1 Cash balance at beginning of month Correct 49 of Item 1 Correct 50 of Item 1 Correct 51 of Item 1 Cash balance at end of month $ Correct 53 of Item 1 $ Correct 54 of Item 1 $ Correct 55 of Item 1 Minimum cash balance Correct 57 of Item 1 Correct 58 of Item 1 Correct 59 of Item 1 Excess or (deficiency) $ Correct 61 of Item 1 $ Correct 62 of Item 1 $