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(C) Kinta company has the following cash receipts and disbursements for the next eight months. The company wants to keep a minimum RM15,000 cash level

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(C) Kinta company has the following cash receipts and disbursements for the next eight months. The company wants to keep a minimum RM15,000 cash level over the next eight months, and it has the beginning cash balance in January of RM15,000. Jan 150,000 Feb 80,000 Mar 160,000 Apr 180,000 May 130,000 June 135,000 July 160,000 Aug 150,000 Cash Receipts Cash disbursement 120,000 100,000 150,000 190,000 150,000 125,000 150,000 140,000 (i) (ii) (iii) (iv) Calculate the cash need of Kinta Company for each month. (4 marks) Which month that the company starts to have cash needs, and how much? (2 marks) Can the company pay off the cash needed for the 8-month period? (3 marks) If the minimum cash balance is kept at RM15,000 from January to March, then it is increased to RM18,000 from April to June and reach RM20,000 in July and August. What can you tell about the cash need of the company? (6 marks)

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