Case study: Based on the following information prepare a cash budget for ABC Ltd. The company desires to maintain a cash balance of Rs.15,000 at the end of the each quarter. Cash can be borrowed or repaid in multiples of Rs.500 at an interest of 10% per annum. Management does not want to borrow cash more then what is necessary and wants repay as early as possible. In any event, loans cannot be extended beyond four quarters. Interest is computed and paid when repayment is made at the end of the quarter