Please Note Currency is South African Rands not Rupees

Please Use information to prepare Debtors Collection Schedule for the four quaters of 2021

and Prepare the Cash Budget for the four quaters of 2021

Information: 1. Cash at bank on 1 Januay 2021 amounted bo Rts. 000. 2. Projectod sales per quant bo 2cet: Fiest quaret R450 000 Second quater R750 000 Thied guafer R570 000 Fourth quater R339 00 Sixty percent (60%) of the sales are for cash and boty percert (40%) are on eredit. Cash custorters are entised to a 5 his cash discourt. 3. Colecton of credtsales: 55% of the credit sales are colected in te quamer of the sale. 35 is is collected in the following quarter and the barance is wisten of as a bad debt. 4. Purchases for each quafer ae expected be as blicas: First quarter R120 000 Second quater Rt25 000 Third quarer R130 000 Fouth quater R170 000 Al purchases are on ciecit 70 is of the purchases will be paid brin te quarer of purchase ard the remaining 30% in the following quattet. 5. Fixed ovetheads bul Rt80 co0 peryear and are paid br equally each quarker. 6. Administative expenses are paid for in the quarter is which they are incured and are estmand ar a btat of Rt 5000 per quanef. 7. An investnent of R100 000 matres on 30 June 20et, and irterest of R12 000 wil also be received on this dist