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(b) Each unit is budgeted to sell for $6 and the budgeted expenditure for the four quarters are: $10,000, $16,000, $5,000 and $3,000. The Giraffe

(b) Each unit is budgeted to sell for $6 and the budgeted expenditure for the four quarters are: $10,000, $16,000, $5,000 and $3,000. The Giraffe Corporation has a strict cash only policy and also pays cash on delivery. The budgeted figures are projections from last year's actual figures where this year's sales price was expected to increase by 15% and the quarter sales were expected to increase by 10%. The expenses are expected to increase by 5%. The cash balance is maintained at 10% of the profit. What was last year's annual expenses, annual revenue and cash balance

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