prepare a cash budget for August, September and October

BUDGETS AND BUDGETARY CONTROL The following data and estimates are available for a project of Buildit Limited for August, September and October 2009: 30% of the sales are % or cash, and the balance is receiveu vie iviumem amounted to R29400. 2. V Since wages are paid on specific days, only 75% of a month's budgeted wages are paid in that month. The rest is paid in the following month. R5 000 of the wages for July are due to be paid during August. 3. Fixed overheads include R3 000 per month for depreciation. Payment of fixed overheads is delayed by one month. July's fixed overheads amounted to R10000. 4. 60% of the variable overheads is paid for in the month in which they were incurred and 40% is to be paid one month later. Variable overheads for July amounted to R 000. 5. Purchases of direct materials are paid for in the month purchased. 6. The opening cash balance in August is R23 500. 7. A tax bill of R50 000 is to be paid in August. BUDGETS AND BUDGETARY CONTROL The following data and estimates are available for a project of Buildit Limited for August, September and October 2009: 30% of the sales are % or cash, and the balance is receiveu vie iviumem amounted to R29400. 2. V Since wages are paid on specific days, only 75% of a month's budgeted wages are paid in that month. The rest is paid in the following month. R5 000 of the wages for July are due to be paid during August. 3. Fixed overheads include R3 000 per month for depreciation. Payment of fixed overheads is delayed by one month. July's fixed overheads amounted to R10000. 4. 60% of the variable overheads is paid for in the month in which they were incurred and 40% is to be paid one month later. Variable overheads for July amounted to R 000. 5. Purchases of direct materials are paid for in the month purchased. 6. The opening cash balance in August is R23 500. 7. A tax bill of R50 000 is to be paid in August