Q.1 Hussain Traders LLC is providing the following information. You are required to prepare Cash Budget for the period of 6 months from July to December 2020. All amounts in Rials. (35 Marks) Marketing Administrative Month Sales Rent Expenses Salaries Expenses July 120,000 6,000 4,000 8,000 1,000 August 140,000 7,000 5,000 4,000 2,000 September 110,000 6,000 7,000 5,000 4,000 October 130,000 4,000 3,000 4,000 3,000 November 120,000 6,000 4,000 6,000 7,000 December 150,000 3,000 5,000 7,000 5,000 Additional information: a) Cash sales 50% and the balance in the following month b) Commission received RO 20,000 in the month of November. c) Sale of Fixed Assets in the month of December for RO 5,000 d) Purchase of Printing Machine in September RO 50,000 e) Interest payment to bank RO 40,000 in the month of October f) All other expenses are paid on the 1st of next month. g) Opening Balance for the month of July is RO 50000. You are required to A. Prepare Cash Budget for the period of 6 months from July to December 2020. (20 Marks) B. Explain the advantages and disadvantages of cash budgeting with appropriate literature review. (15 Marks)