p.m. a. The cost of goods sold is 80% of sales which includes material cost @ 25% of sales and wages @ 36% of sales. The remaining portion of cost represents manufacturing and administration expenses. b. The sales are seasonal as under - March to June @ 1000 units per month. September to December @ 1500 per month. Remaining months @ 800 units per month. j33 c. The sales pattern is as under- i. Cash Sales - 20% ii. One months credit -40% iii. Against bill of exchange for 60 days. Bills to be discounted immediately subject to discount charges @ 5%. d. Wages to be paid on 7th of the following month e. The purchase pattern is as under - i. Cash purchases -30% ii. One months credit -70% f. Manufacturing and administration includes fixed expenses @ Rs. 10,000 per month, payable at the end of month to which it relates. The remaining expenses are subject to credit of half a month. g. The capital of the company comprises 12% preference Capital Rs. 5,00,000. The dividend for previous year @ 15% is to be paid I November. The current year dividend on preference shares is to be paid in March h. Cash on hand at the end of October is Rs. 20,000. It is the policy of the company to have minimum balance of Rs. 10,000 and maximum balance of Rs. 30,000. Excess balance to be invested and shortfall to be met by en-cashing investment. Prepare Cash budget for November to March