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Question 3 Expected sales for the upcoming five months (May - September, 2023) in M/s. GGG company is as follows. *Assume any five values from
Question 3 Expected sales for the upcoming five months (May - September, 2023) in M/s. "GGG" company is as follows. *Assume any five values from RO100,000 to RO200,000 and the used values must not be used by other groups. Sales policy is to receive 33.33% of the sales in cash at the same month of sale, and the remaining 66.67% in the next month. Purchases cost is expected to be 66.67% of each month sales and is paid completely a month after the purchases. other cash incomes Rent to be received RO 2000 in June and RO 6000 in August Loan is expected to be borrowed in June RO 10,000. Interest is to be received RO 5,000 on June and RO 3,000 in August Other expenses: Wages 33.33% of each month sale is paid in the same month. Rent RO 14,000 paid on April and RO 10,000 on July. Taxes RO 8,000 to be paid in two equal parts in June and September. Other Miscellaneous RO 3,000 is paid monthly Opening balance for May is RO 12,000. Prepare the Cash Budget with comments for the months from May to July of 2023
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