Cash flow budgeting (10 marks) 6ft Co. budgets $700,000 for sales nade. As items 6ft sells are to Plexiglass & Covid-safety sanction a workspace are expensive, they give customers 3 months to pay the entire bill. Payments received are as follows: Ist month 35% 2nd month 30% 3rd month 30% Estimated uncollectable 5% 100% 6ft also pays $200,000 per month for direct materials, and $300,000 for direct labour. January February Cash Received Budget March April May June Received per month February Cash Paid Budget March April May June January DL DM Paid per month Net Cashflow Carry forward Cash or (Line of Credit) Wait or pay for more DM? Budgeted Income statement (prepared from cash budget) 6ft Co. Budgeted Income Statement For the months January 1 - June 30 20XX s Reconciliation between cash budget and budgeted income statement July August Cash flow budgeting (10 marks) 6ft Co. budgets $700,000 for sales nade. As items 6ft sells are to Plexiglass & Covid-safety sanction a workspace are expensive, they give customers 3 months to pay the entire bill. Payments received are as follows: Ist month 35% 2nd month 30% 3rd month 30% Estimated uncollectable 5% 100% 6ft also pays $200,000 per month for direct materials, and $300,000 for direct labour. January February Cash Received Budget March April May June Received per month February Cash Paid Budget March April May June January DL DM Paid per month Net Cashflow Carry forward Cash or (Line of Credit) Wait or pay for more DM? Budgeted Income statement (prepared from cash budget) 6ft Co. Budgeted Income Statement For the months January 1 - June 30 20XX s Reconciliation between cash budget and budgeted income statement July August