Dear tutors, this is my 1st time taking accountings and would love for you to guide me on related questions like this. I will study your formats to further improve my understanding. thank you!

b) Caron Sdo Bhd has provided the following estimates relating to the first quarter (1 January to 31 March) of 2019: RM Cash sales 46,000 Credit sales 92,400 Receipts from accounts receivable 71,500 Cash payments: Wages 54,000 Office furniture 12,600 Utilities expenses 3,800 Administrative expenses 14,100 Depreciation on office furniture 315 Credit purchases 65,600 Payments to accounts payable 52,900 The cash balance at 1 January 2019 was RM11,250. The company has a policy of maintaining a minimum of RM10,000 cash balance at the end of every month. Required: i) Prepare a cash budget for the quarter ending 31 March 2019. (16 marks) ii) Discuss the ways Caron can improve its cash flow. (15 marks)