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from April to Jun 2008 preper cash budget Estimated Sales, Purchase and Expenses are as follows June OMR 1,200,000 904,000 72,000 80,000 100,00 . January
from April to Jun 2008
preper cash budget Estimated Sales, Purchase and Expenses are as follows June OMR 1,200,000 904,000 72,000 80,000 100,00 . January February March April May OMR OMR OMR OMR OMR Sales 200,000 400,000 600,000 800,000 1,000,000 Purchase 152,000 303,000 460,000 608,000 756,000 Wages 24,000 30,000 36,000 48,000 60,000 Admin. Exp 30,000 40,000 50,000 60,000 70,000 Selling & Dist. 30,000 50,000 70,000 90,000 110,000 Exp Cash sales are 20% of total sale (200 000 X (207.100) 80% of credit sale are collected within one month Cash purchase is 25% of total purchase. 75% of credit purchase are paid within one month Commission on sale. 10% The time lag in the payment of wages and admin expenses one month. Selling & Distribution expenses paid in same month Admin expenses for each month included deprecation amount to OMR.1,000 36,000 Equity shares of OMR.10 each were issued on 1" May at 5% premium. Cash balance at the end of March OMR.400,000 Step by Step Solution
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