18.BDL Ltd. is currently preparing its cash budget for the year to 31 March 2014. An extract from its sales budget for the same year shows the following sales values. March April May June for May 2013 is (a) $ 60,532 (b) $61,120 $ 60,000 40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in months after sale and take a 2% discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be in bad debts. The value of sales budget to be shown in the cash budget 3 marks (c) $ 66,532 (d) $ 86,620 $ 70,000 $ 55,000 $ 65,000 I

18. BDL Ltd. is currently preparing its cash budget for the year to 31 March 2014. An extract from its sales budget for the same year shows the following sales values. 40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in months after sale and take a 2% discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be in bad debts. The value of sales budget to be shown in the cash budget 3 marks for May 2013 is (a) $60,532 (b) $61,120 (c) $66,532 (d) $86,620