Prepare a Cash Budget for the months of jannary to March 2019 Your Cash budget should include: 1] Cash Receipts Section (6 marks) 2) Cash Disbursements Section (10.5 marks) 21 Cash Balance Section (4.5 marks) Sales information for November and December of 2018 and Sales forcast for January to March of 2019 are as follou November (2018) 175,000 December (2018) 190,000 January (2019)180,000 February (2019) 180,000 March (2019) 195,000 The following information is also available from the credit manoger regarding cash sales and credit saics. cash sales 20% Collect after 30 days 50% Collect after 60 days 30% Cost of sales are 60% of each months sale These purchase are paid 30 days after the purchases are made Monthly selling and adminsitrative expenses are as followed: Rent 9200 Salarios 32000 Utilities 2000 Office supplies 1500 Other Information: Their will be a purchase of an equipment in February for 50000

The cash balance on January 1, 2019 is:27500