MION 2 120 Marks) QUIRED Use the following information provided by BCCI Enterprises to prepare the folowing for November and December 2019 Debtors Collection Schedule (6 marts) Cash Budget (4 marks) Note: Where apolcable, round off amounts to the nearest Rand. INFORMATION BCCI Enterprises expects to have a bank overdrat R35 000 h 31 October 2019 Budgeted sales for September to December 2019 are as follows September R370 000 nolu October R280 000 November R260 000 December R2T0 000 259.000 176ooo 10 182000 by 189 000 Credit sales account for 70% of total sales. The balance of the sales is for cash. Amounts owing by debtors are usually collected as follows: 20% is collected in the same month as the credt sales: 60% is colocted one month after the sale 15% is collected two months after the sale 5% is written as recoverable. Sixty percont (60%) of the goods purchased are for cash and the balance is purchased on credit Budgeted purchases are as follows: October November December R190 000 R180 000 R200 000 Creditors are paid in the month after the purchase. The monthly salary expense of R105 000 is expected to increase by 10% from 01 December 2013 Interest on loan is paid monthly at an interest rate of 18% per annum on the loan balance of R12000 Advertising expenses are paid monthly and are estimated to be 5% of the walls of the previous month. The proprietor drawings for November and December 2019 are expected to wal R15000 R3 000 this amount consists of trading goods and the rest is cash. Other cash operating expenses are expected to increase by 5% per month. Cash operating expen for October 2019 are expected to amount to R10 000. 10