Mrs Ecaterina Kuxton will need to demonstrate that Kuxton Car Sales is a viable business. Regardless the option chosen, Kuxton Car Sales will need a Cash Budget to demonstrate this for either the bank, the prospective shareholders, or for the crowdfunding listing. The following estimates for the Hastings branch were provided by Kuxton Car Sales: Details Car Sales Purchases of cars for Resale Other Overheads Jan 2024 Feb 2024 Mar 2024 Apr 2024 190,000 280,000 400,000 520,000 150,000 219,000 244,000 352,000 38,000 33,000 42,000 57,000 I. II. III. IV. V. VI. VII. As an introductory offer, Kuxton Car Sales in Hastings gave a 10% discount on all cash sales for the first four months of operations. It is expected that 20% of customers will take advantage of this offer and pay for their cars on the day of the purchase. Of the remaining 80%, it is expected that half will pay in the month after sale and the remainder will pay two months after sale. One supplier of cars to Kuxton Car Sales demanded that he is paid cash immediately. This supplier accounts for 20% of all monthly purchases. The other suppliers are paid one month after the purchase has taken place. Overheads are paid in the month they are incurred. The annual rent is 360,000 payable quarterly in advance on the first of: January; April; July; October. Kuxton Car Sales is expected to generate the 500,000 in January and is likely to spend it as outlined in Part A above during the first month of operation. Mrs Kuxton wish to keep the tow branches accounts separate, and therefore, the Hastings branch will operate as a stand alone until further notice. A new bank account, with 0 balance, will be opened during the first week of January 2024. Two members of the Kuxton family works as the sales representative, they are paid an annual salary of 18,000 each plus they both get commission of 5% for car sales. Another member of the family will be the office manager, their salary is 24,000 plus 2% commission on car sales.