Business Accounting (senators) CONFlDENTML September 2021 Final Examination Question 4 Razali intends to run a laundry shop on 1 January 2020 with an initial capital of RM32.480 consisting of: RM Cash in bank 1 980 Cash in hand 500 Machine 300% Razali plans to apply for a loan of RM12.000 in February 2020 at an interest rate of 8% per annum. The loan will be repaid monthly for 4 years, starting the following month. The estimated receipts and payments for his business are as follows: l) Revenue from laundry services for January 2020nwas RM8.900. This revenue is expected to increase 10% each month from the following month. ii} The total purchase of detergents by month is as follows: RM January 1,500 February 1,1300 March 2.160 60% of the purchase of detergent will be paid in cash and the balance will be paid in the following month. iii} The monthly rent is RM1.200. iy) Utility budget: RM January 060 February 970 March 1.120 v) The business plans to buy ve units of dryers and two units of washing machines at a total cost of Rid-40,000 in March. An advance payment of 60% will be made and the balance paid in full in the following month, Required: On behalf of Razali. prepare a cash budget forthe three months ending 31 March 2020. (Total: 20 Marks) ***END OF QUESTION Pt'liPER\"H