ble (60 800 + 288 000) t *27 17 X2 Answer ALL Son QUESTION REQUIRED Use the information provided below to the following for better and e r Debtors Collection Schedule Cash Badget Note Provide separate s unt columns for the month INFORMATION The following information is a ble from Mar Limited in de door November 2015 The credit sales for August and September 2018 were budovated R720 000 and 780 000 respectively. Credit sales of R300 000 and R1 200 000 have been fo r October and November 2018 respectively 40% of the company's sales are for cash and the rest is on credit 70% of the credit sales are usually collected in the month of the sale 25% scolated one month after the sale and the balance is written as bad its During November 2018, the company expects to months on an investment of R200 000 i nterest at a rate of 9 per annum for 6 The company's purchases of inventories are estimated to at R780 000, R900 000 and R1 200 000 for August September and October 2018 respectively Al inventories are purchased on credit and are paid for in the month after the purchase. Rent is payable monthly. The rental agreement for the year ended 31 dober 2018 and 31 October 2019 are budgeted at R180 000 and R198 000 respectively The fixed salary cost for the year is R840 000. Salaries are paid on the 25 day of each month. An old computer, with a carrying (book) value of R3 000 is expected to be sold for R4 000 during November 2016 New machinery with a purchase price of R250 000, subjot to a 10% trade discount, will be purchased and paid for during October 2018 10. Other cash operating expenses are budgeted at R200 000 for September 2018 and they are expected to increase by 5% each month thereafter. 11. Cash in the bank on 30 September 2018 is expected to amount to R50 000