Please help me to solve the highlighted question. Course : HOSPITALITY SITXFIN005

Q5: The head of the kitchen department, Sara Karalis, has been hoping to upgrade commercial ovens for some time. She knows the upgrade will cost a total of $70,000 but is unsure when to start. To help her make this decision, the accounting team prepared following cash budget for the 2020 financial year. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Jan - Mar Jul - Sep Oct-Dec Apr - Jun 78,300 61,000 40,605 444,500 418,105 459,900 Opening bank balance Cash receipts Cash payment Closing bank balance 74,905 520,300 (484,500) (427,200) (455,800) (425,600) 78,300 40,605 74,905 110,705 Based on the cost of the kitchen upgrade and cash budget from the accounting team, please answer the following questions: 1 i. By March 2020, we should enough cash to make the kitchen upgrade. However, accounting team recommends we don't make the upgrade during March. Why do you think accounting team gave this recommendation? This recommendation was made by accounting because the year was coming to an end, and it may also affect cash flow. ii. The cash receipts in the 2nd Quarter have dropped by almost $30,000 from the 1st Quarter. Why do you think the company has such a large drop in this quarter