Font 2 Paragraph ES Heading Heading 2 11112113 14 15 16 17 18 19 110 111 112 113 114 115 1 QUESTION 2 For the past three (3) months, Himalaya Bhd., a shoes supplier in Damansara, Selangor had RM 60,000 sales each month. Currently, for the month of May 2012 the company expects to get RM 10,000 more sales. The company predicts the sales to be consistently increasing RM 15,000 thereafter. Normally the customer would pay 70% of the sales in the same month of purchase and pay the balance equally within the first (1) and two (2) month after the sales. As usual, the company is expecting to receive the monthly interest income of RM 2,500. Himalaya Bhd., usually purchases its material 60% of the sales one month in advance. According to the payment policy, the company would only pay 50% of the purchases in the same month of purchase and pay the balance one (1) month after. Monthly rental payment of the company is RM 7,000. The fixed assets' depreciation is RM 5,000 monthly. The company also plans to add a new set of equipment at the end of the second quarter 2012 which costs the company RM 30,000. The ending balance for March is RM 20,000 and minimum requirement is RM 15,000. As the finance manager of the firm, indicate the second quarter year cash budget for Himalaya Bhd. You are required to determine the excess-shortages and borrowing needed by the company. (20 marks) Styles 1+1+1+1 Heading 3 I