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Ps: Please Answer all part in easy manners so that i can understand it . try to answer it ASAP The bank account of Robes
Ps: Please Answer all part in easy manners so that i can understand it . try to answer it ASAP
The bank account of Robes in Roses, a sole proprietor is expected to have an overdrawn balance of 3,100 at 31 March 2022, and the owner needs to show her bank manager that this can be reduced over the following 3 months. The details of Robes in Roses' sales and expenditure are as follows: 1. Sales, which are all made for cash, are expected to be as follows: April 2022 4.100 May 2022 5,200 June 2022/6.000 2. Purchases will be made as follows, with suppliers allow 2 months' credit: f April 2022 2,050 May 2022 2.100 June 2022/3,500 3. Rent of 5,400 per annum is payable monthly. 4. Robes in Roses employs a part-time member of staff who will be paid 300 per month. 5. The owner of Robes in Roses plans to make drawings of 500 per month. 6. Sales and purchases made in January to March 2022 will be as follows Sales () Purchases (E) 1.700 January 2022 3,600 February 2022 3,700 March 2022 3,800 1,800 1,900 Required a) Discuss the benefits and limitations of budgets and budgetary planning, and control for Robes in Roses b) Prepare Robes in Roses' cash budget for the 3 months ended 30 June 2022 using a spreadsheet (You should insert results from the spreadsheet into the report) c) Based on the cash budget prepared, justify budgetary control solutions for Robes in Roses' and their impact on the business to ensure efficient and effective deployment of resources in the futureStep by Step Solution
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