Dayabakti Bhd. has forecasted that the sales during each of the next 3 months is $100,000. Monthly purchases will be $60,000 during this time. The wages and salaries per month amounts to $10,000 per month plus 5% of sales. Dayabakti also has forecasted to make a tax payment of $20,000 in the next month, as well as $15,000 for the purchases of fixed assets in the second month. The company will receive $8,000 in cash due to the sale of some assets in the third month. All purchases and sales are on cash. The cash balance, as well as the minimum cash balance are assumed to be zero. a. Construct a cash budget for the next 3 months. b. Dayabakti is not sure of the sales levels, but all the other figures are certain. In the best case scenario, the optimistic sales figure is $120,000, while in the worst case scenario, the most pessimistic sales figure is $80,000 / month. Calculate the monthly minimum and maximum cash balances at the end of each month, which the company expects to have. (a \& b= 18 marks) c. If you were the financial manager of Dayabakti, how would you use the figures obtained in part a. and part b for the purpose of planning the financing needs of the company. marks) Dayabakti Bhd. has forecasted that the sales during each of the next 3 months is $100,000. Monthly purchases will be $60,000 during this time. The wages and salaries per month amounts to $10,000 per month plus 5% of sales. Dayabakti also has forecasted to make a tax payment of $20,000 in the next month, as well as $15,000 for the purchases of fixed assets in the second month. The company will receive $8,000 in cash due to the sale of some assets in the third month. All purchases and sales are on cash. The cash balance, as well as the minimum cash balance are assumed to be zero. a. Construct a cash budget for the next 3 months. b. Dayabakti is not sure of the sales levels, but all the other figures are certain. In the best case scenario, the optimistic sales figure is $120,000, while in the worst case scenario, the most pessimistic sales figure is $80,000 / month. Calculate the monthly minimum and maximum cash balances at the end of each month, which the company expects to have. (a \& b= 18 marks) c. If you were the financial manager of Dayabakti, how would you use the figures obtained in part a. and part b for the purpose of planning the financing needs of the company. marks)