Prepare the cash budget for x traders for MAY and JUNE 2022:

Sales (20% for cash and 80% on credit) Purchases (10% for cash 90% on credit) Salaries and wages paid Cash expenses Depreciation Actual April R 500 000 360 000 70 000 28 000 2 000 The remaining 5% is usually written off as bad debts. Expenses are paid as they arise. It is expected that debtors will settle their accounts as follows: 20% in the month of sale 70% in the month after the month of sale, and 5% in the second month after the month of sale Budgeted May R 540 000 410 000 90 000 32 000 2 000

Trade creditors are paid in the month after the purchases at a discount of 5%. 50% of the salaries and wages are weekly wages. Because wages are paid weekly, usually 10% of the wages are paid in the month following the month in which they were incurred. The favorable bank balance on 1 May was R30 000. June R 580 000 450 000 100 000 36 000 2 000

Prepare the cash budget for x traders for MAY and JUNE 2022

- It is expected that debtors will settle their accounts as follows: 20% in the month of sale 70% in the month after the month of sale, and 5% in the second month after the month of sale - The remaining 5% is usually written off as bad debts. - Trade creditors are paid in the month after the purchases at a discount of 5%. - 50% of the salaries and wages are weekly wages. Because wages are paid weekly, usually 10% of the wages are paid in the month following the month in which they were incurred. - Expenses are paid as they arise. - The favorable bank balance on 1 May was R30 000