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From the following information prepare cash Budget for January, February, March and April months of 1993. Estimated Estimated Purchases Sales $. $. January 60,000 48,000
From the following information prepare cash Budget for January, February, March and April months of 1993. Estimated Estimated Purchases Sales $. $. January 60,000 48,000 February 40,000 80,000 March 45,000 81,000 April 40,000 90,000 The wages payable to workers per month are $. 5000, cash balance on 1st January is $. 8000. Management takes the following decision. (a) Arrangement with the bank if the deficit is less than $. 10,000 (b) If the deficit is between $. 10,000 and $.42,000 issuing of of debentures. (c) If the deficit is more than $.42,000 issuing of equity shares
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