Cash Balance for Masson Corporation. The Masson Corporation has a 60-day average collection period and wishes to maintain a $5 million minimum cash balance. Based on this and the information below complete the following cash budget. What conclusions do you draw?MASSON CORPORATIONCash Budget(in millions)Q1Q2Q3Q4Beginning receivables$120Sales90$120$150$120Cash collectionsEnding receivablesTotal cash collectionsTotal cash disbursements80160180180Net cash inflowBeginning cash balance$ 5Net cash inflowEnding cash balanceMinimum cash balanceCumulative surplus (deficit)
