financial management

Sept 2023) Complete a financial plan for the canteen at the Military Academy for the 34 and the 4month of 2024. The sales policy of the canteen is 40% cash, and credit is extended for 30 days. The canteen purchases inventory 1 month in advance to the value of 85% of expected sales. They have to pay suppliers 80% in cash and the remainder within 1 month of receiving purchases. There are no outstanding loans at the start of the third month. The beginning cash balance in the third month is R16000 and the minimum cash balance is R15 000 . Financial shortages can be financed at 5% per month and loans should be paid back as soon as funds are available. Financial Plan for 2024 QUESTION 4 To be emailed by 08h00 on Monday 11