Complete the following cash budget for the company.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
![Agarwal, Incorporated, has a 40-day average collection period and wants to maintain a minimum cash balance of $30 million, which is what the company currently has on hand. The company currently has a receivables balance of $200 million and has developed the following sales and cash disbursement budgets (in millions):
| | Q1 | Q2 | Q3 | Q4 |
|--------|-----|-----|-----|-----|
| Sales | $477 | $549 | $630 | $594 |
| Total cash disbursement | 349 | 491 | 754 | 488 |
Complete the following cash budget for the company.
**Note:** A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers in millions rounded to the nearest whole million dollar amount, e.g., 32.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F645d3812-7d52-4625-bce8-b31a65c63b18%2F61954204-a898-4f55-8796-889a5fa76038%2Fkbyyrpp_processed.png&w=3840&q=75)
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