S&A expenses 100,000 J 100,000 F 100,000 M The budgeted overhead includes $20,00

S&A expenses
100,000 J
100,000 F
100,000 M
The budgeted overhead includes $20,000 per month in depreciation and the budgeted selling &
administrative costs include $10,000 per month in depreciation.
(4)       Betty wants to maintain a cash balance of $20,000 at the end of each month. Any excess funds will
be used to repay loans while Betty will need to borrow funds if she is short of the $20,000 at the end
of any given month. At January 1, 2009, Betty had $20,000 of cash on hand.
REQUIRED:              Prepare a cash budget for January – March, 2009

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