Cooper Company's Management Team Is Preparing a Cash Budget for the Coming

Essay

Cooper Company's management team is preparing a cash budget for the coming quarter. The following budgeted information is under review.
The company expects to collect 40% of its monthly sales in the month of sale and 60% in the following month. Fifty percent of inventory purchases are paid in the month of purchase, and the other 50% in the following month. All payments for other expenses are made in the month incurred.
Cooper forecasts the following account balances at the beginning of the quarter.
Required. Given the above information, compute the projected change in cash during the coming quarter.