Narda CorporationCash Receipts ScheduleAprilMayJuneJulyAug.Sept.

Sales640,000600,000 550,000550,000580,000660,000

Cash Sales (10%)64,00060,00055,00055,00058,00066,000

Credit Sales (90%)576,000540,000495,000495,000522,000594,000

Collections (month after sale) 20%57,600108,00099,00099,000104,400

Collections (second month after sale) 80%460,800432,000396,000396,000

Total Cash Receipts623,800586,000553,000566,400

Narda CorporationCash Payments ScheduleAprilMayJuneJulyAug.Sept.

Purchases260,000240,000240,000360,000400,000340,000

Payments (month after purchase40%)104,00096,00096,000144,000160,000

Payments (second month after purchase60%)156,0001440,000144,000216,000

Labor Expense (10% of sales)55,00055,00058,00066,000

Overhead24,00024,00024,00024,000

Interest Payments60,00060,000

Cash Dividend100,000

Taxes50,00050,000

Capital Outlay600,000

Total Cash Payments1,082,000638,000370,0001,176,000

Narda CorporationCash BudgetJuneJulyAugustSeptember

Cash Receipts623,800586,000553,000566,400

Cash Payments541,000319,000370,0001,176,000

Net Cash Flow82,800267,000183,000(609,600)

Beginning Cash Balance40,000100,000100,000100,000

Cumulative Cash Balance122,800367,000283,000(517,600)

Monthly Borrowing or (Repayment) ------*66,800

Cumulative Loan Balance------66,800

Marketable Securities Purchased22,800267,000183,000--

(Sold)----(472,800)

Cumulative Marketable Securities22,800298,800472,800--

Ending Cash Balance100,000100,000100,00030,000

*Cumulative Marketable Sec. (Aug)472,800Cumulative Cash Balance (Sept)509,600Required (ending) Cash Balance 30,000Monthly Borrowing66,800