70% of the sales are for credit and are collected one month after the sale.
Other receipts: $50,000 in October
Variable disbursements: 60% of sales each month
Other disbursements: $10,000 a month
$80,000 for taxes in August
$400,000 for debt repayment in November
Beginning cash: $50,000
Desired cash: $10,000
Prepare a monthly cash budget for this firm.