MGM constructors leased a machine from a leasing company for a period of 5 years. The fair value of the machine is OMR 46,000 and the present value of minimum lease payment is OMR 45,869. The annual lease payment is OMR 11,000 payable in the beginning of each year. The interest rate is 10 %. Determine the principal amount included in the annual lease payment of second Year. O a. OMR 7,500 O b. OMR 6,413 O C. OMR 7,054 O d. OMR 7,511 Que.1. Raysut Company has provided the following information for the months of September October, November and December 2021 Month Sale ONRA September Novem Decenter be IN 1300 od Warther experPurchase OMR IONIN OMR 106 Sod 1100 126 13 1500 100 100 so Additional information: Cash balance on 1/10/2021 is OMR 9XX. Sales -50% is realized in the month of sales and the balance in the next e month. . Wages are paid in the next month Other expenses are payable in the same month - Machinery sold for OMR 200 in December 2021 and cash to be received after two months - OMR 250 is payable in November 2021 for the motor van purchased in September 2021 Rent OMR 2,300 is payable in December 2021 a. You are required to prepare the cash budget for the company for the period October to December 2021 b. Will there be a necessity for Raysut Company to avail bank overdraft? If yes, suggest the company as to how much minimum amount has to be taken as loan or overdraft and in which month it will be required. Note: For Cash balance on 1/10/2021 use the last two digits of your ID number in place of XX to arrive at the amount.) (7.5 marks) Cash budget for the period