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Mr. Logan is a financial manager of Sweethermanas Berhad. He is responsible for preparing the cash budget of the company for the second quarter of

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Mr. Logan is a financial manager of Sweethermanas Berhad. He is responsible for preparing the cash budget of the company for the second quarter of 2020. The company sales and forecasted sales are as follows: Month Sales (RM) February 68,000 March 70,000 April 80.000 May 85,000 June 90,000 The customer pays cash for 20 percent of sales in the month of sales and the balance is credit sales. Forty (40) percent will be collected a month after sales and another 40 percent will be collected two 2 months after sales purchases of raw materials 60 percent of sales and are made one month in advance of the sale. The tupplier is paid 100 percent in the month of the following purchase. The monthly foxed expense is RM10.800 July 108 000 Calculate net cash flow for June 2020

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