A. Andaz Company is drafting the required cash requirements for November and December 2015. Information on past sales and sales forecasts are as follows: September $90,000 October $120,000 November $80,000 December $150,000 The following is other information about Andaz Company:  60 percent of sales are in cash and the balance is collected the following month.  The monthly purchase cost is 80 per cent of the sales value of the month where 70 per cent of the purchase is paid in cash and the balance is paid in the following month.  Business site rent is RM8,000 per month.  The company plans to buy equipment worth $25,000 in November. This equipment will be depreciated by $5,000 annually.  For each loan made to finance the monthly cash requirement will be charged annual interest of 12 percent on the value of the loan accumulated and repaid starting the following month.  Andaz Company sets a minimum balance of $5,000 per month.  The balance at the end of October is $7,500. Prepare a cash budget for November and December 2015 for Andaz Company. Use the table provided to answer this question.

Cash Budget for Andaz Company for November and December 2015

	November	Disember
Income
Cash Sales (60% x sales)
Credit Sales (40% x last month's sales)
Total cash inflows
Expenses
Cash purchase
Credit purchase
Rent
Equipment
Benefits
Total cash outflow
Early balance
Cash flow difference
Cash balance
Minimum balance
Loan (loan payment)
Final balance