a) Critically discuss the behavioural aspect of budgeting in relation to the "Agency Theory, and propose ways to overcome this problem in performance measurement. (19 marks) b) Caron Sdn Bhd has provided the following estimates relating to the first quarter (1 January to 31 March) of 2019: RM 46,000 92,400 71,500 Cash sales Credit sales Receipts from accounts receivable Cash payments: Wages Office furniture Utilities expenses Administrative expenses Depreciation on office furniture Credit purchases Payments to accounts payable 54,000 12,600 3,800 14,100 315 65,600 52,900 The cash balance at 1 January 2019 was RM11,250. The company has a policy of maintaining a minimum of RM10,000 cash balance at the end of every month. Required: 1) Prepare a cash budget for the quarter ending 31 March 2019. (16 marks) ii) Discuss the ways Caron can improve its cash flow. (15 marks)