Can I please get help with answering the questions below, especially 4.3 and 4.4 as I am not sure how to go about it.
Poliseck is a company specialising in the manufacturing and selling of plastic bottles used for bottling beverages. The company only sells 300ml and 500ml plastic bottles. These bottles are in high demand as they are produced locally and can easily be recycled at a minimal additional cost. The management has prepared a sales budget for the quarter ended 30 September 2020 as tabled below: Month July August September Total R R R R Sales 1350000 1440000 1710000 4500000 Additional information for the quarter ended 30 September 2020: - Poliseck has always sold twice as many 300ml bottles compared to 500ml plastic bottles; This trend is not expected to change during the quarter ended 30 September 2020; - The budgeted selling price for a 300ml bottle is R3 while a 500ml bottle sells at R4; - Production is scheduled in such a way that the company has enough bottles on hand at the end of each month to meet 30% of next month's total budgeted sales requirements; - The main raw materials used lor the production of bottles are polyethylene and ethylene. The table below shows the material usage requirements for each bottle: Product 300ml bottle 500ml bottle Polyethylene 5 grams 8 grams Ethylene 10ml 15ml - The production manager expects the following inventory levels for the quarter: Polyethylene Ethylene 300ml bottles 500ml bottles 1 July 2020 1 000kgs - ? ? 30 September 2020 500kgs 20 litres 80 000 40 000 . It is Pcliseck's policy to not keep any work-in-progress on hand: and - During the previous quarter ended 30 June 2020, polyethylene was purchased at an average of R90 per kilogram while ethylene was bought tor R120 per liter. Although the purchase price of polyethylene is not expected to change during the quarter. the purchase price of ethylene is expected to increase by 10% with effect from 1 November 2020. Additional Information for the quarter ended 30 September 2020: Based on past experience, 20% of total sales are cash sales and the rest of the sales are on credit. Collections from credit sales are as follows: 0 60% in the month of sale and is subject to a 1.5% settlement discount; - 30% one month after the month of sale; and o 6% two months after the month of sale and the remainder is uncollectible. The financial accountant has indicated that the total bad debts amounting to R48000 and R50 000 was expected to be written off in the quarter ended 30 September 2020. These amounts MACCEH - FIRST OPP - 2020 6/1 0 - \\ relate to sales made in May and June 2020 respectively and the write ofl is in line with the company's customer collection trends above that have remained unchanged since 1 January 2020. REQUIRED Sub- 4.1 Calculate the number of bottles sold during the quarter ended 30 September 2020 for each size of horde. 4.2 Assume that the company budgeted to sell 405 000 bottles during the month of July 2020, determine the opening inventory for each size of bottle as at 1 July 2020. 4.3 For the quarter ended 30 September 2020. prepare the following budgets: (Prepare the budget for the quarter in total) 4.3.1 Production budet 4.3.2 Material usage and purchases budget n- 4.4 Calculate the cash receipts for the quarter ended September 2020 showing the receipts from customers for each month \"Eaten. 7.5 Clearly show all relevant calculations. 0.5 Presentation TOTAL MARKS
