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a) What is a cash budget? b) Prepare a cash budget for the MUSOMA PLC for three months of May, June, and July The company
a) What is a cash budget? b) Prepare a cash budget for the MUSOMA PLC for three months of May, June, and July The company has a policy of maintaining a minimum cash balance of Tsh 30,000 . The company's cash balance as on 30 Annil ie Teh an nnn. Consider the following information. a) Cash sales are 60% of total sales. The remaining sales are collected equally during the following two months. b) Cost of goods manufactured is 75% of sales, 80% of this cost is paid atter one month and the balance is paid after two month of the cost incurrence. c) Fixed expenses are Tsh 15,000 per month variable expenses are 10\% of sales each month d) Half yearly interest on 12% Tsh 450,000 debenture is paid during July. e) Tsh 60,000 are expected to invested in fixed assets during June
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