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From the following information, prepare a cash budget for the months of June, July, August and September 2022 for your business Eat Wisely Ltd.

  

From the following information, prepare a cash budget for the months of June, July, August and September 2022 for your business Eat Wisely Ltd. 1st June 2022 Opening Bank Balance 3760 Actual sales: April May 29567 31045 Estimated sales: June 42007 July August September 52345 59356 52147 Miscellaneous income received monthly from room hire 250 Investment income due 30th June, (of which 750 receivable in July) 7450 Estimated expenses (Inc. wages and salaries) for June 9345 July 11056 August September 11019 12450 Actual purchases Estimated purchases May 23560 June 29345 July August September 21450 4500 16842 1500 Rent payable on 30th June Rent payable on 30th September 1500 The owner of Eat Wisely Ltd. is thinking to expand the kitchen area. This is estimated to cost 50,000. Suggest two ways that the improvements could be financed, discuss the advantages and disadvantages of each approach and make a reasoned recommendation.

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Monthly cash budget for the period Particulars June July August September Projected cash outflows Estimated expenses paid in cash 9345 11056 11019 12450 Payments for purchases made 29345 21450 14500 1... blur-text-image

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