Q: prepare a cash budjet for the months of November and december with the following information:

The following information relates to Padua $($pty$)$ Itd for the three months ended $31$ December

$2023$:

Additional information.

Debtors settle their accounts as follows: $50\%$ in the month of sale, $30\%$ in the month after

the month of sale, and $15\%$ in the second month after the month of sale while the

remaining $5\%$ are considered irrecoverable.

Trade creditors are paid as follows: $60\%$ in the month of purchase, $30\%$ in the month

after the purchase while the remaining $10\%$ is paid in the second month after the

purchase.

Wages and salaries and all the other expenses are paid as they are incurred every

month.

Other expenses include depreciation of R$10000$ every month.

A loan of R$120000$ was taken $5$ years ago. Interest on the loan is $10\%$ per annum. The

annual interest expense is spread evenly through the year and is paid as it is incurred.

$75\%$ of the loan will be repaid in December $2023.$

The favourable bank balance at the end of October was R$15000.$