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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:
March
$100,000
April
$275,000
May
$320,000
June
$450,000
July
$700,000
August
September
$825,000
October
$500,000
November
$115,000
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 estimated as follows:
$187,500
$206,250
$375,000
$337,500
$431,250
$640,000
$395,000
$425,000
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.
Project Guidelines
Objectives
Describe how to make capital investment decisions
Analyze project analysis and evaluation processes
Evaluate capital project techniques and cost of capital valuation
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