Please read the relevant parts of your textbook, which refer to cash flow and fi

Question

Please read the relevant parts of your textbook, which refer to cash flow and financial planning.

To avoid any uncertainty regarding his business' financing needs at the time when such needs may arise, Cyrus Brown wants to develop a cash budget for his latest venture: Cyrus Brown Manufacturing (CBM). He has estimated the following sales forecast for CBM over the next 9 months:

He has also gathered the following collection estimates regarding the forecast sales:

Payments for direct manufacturing costs like raw materials and labor are made during the month that follows the one in which such costs have been incurred. These costs are estimated as follows:

Additional financial information is as follows:

To receive full credit on this assignment, please show all work, including formulas and calculations used to arrive at the financial values.

Group Project Guidelines

Your submitted Group Project (200 points) must include the following:

March        $100,000 April     $275,000 May            $320,000 June            $450,000 July     $700,000 August    $700,000 September $825,000 October     $500,000 November   $115,000

Explanation / Answer

Click on the links provided to download the Excel and Word files requested

Part I (Excel Spreadsheet)

http://www.geocities.ws/chegghelper/CyrusBudget.xlsx

Part II (Word Questions /Answers)

http://www.geocities.ws/chegghelper/CyrusSummary.docx

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