Problem set B 17.4

Assume the business is a sole trader named 'Zhang's fitness Manufacturing Services'

[Assume the business is a sole trader named 'Zhang's Fitness Manufacturing Services '] (a) (1) Zhang's Fitness Manufacturing Services Expected Collections from Customers January February November ($260,000) December ($300,000) January ($360,000) February ($400,000) (2) Zhang's Fitness Manufacturing Services Expected Payments for Direct Materials January February $ $ December ($100,000) January ($125,000) February ($130,000) ('0) [Change 'Notes Receivable ' t0 'Interest Receivable 7 [Changes 'Securities'to 'Equipmentj [Ignore the requirement to maintain a minimum balance of $50,000] Zhang's Fitness Manufacturing Services Cash Budget for the two months ended 28 February 2014 January February