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Question 4 [20] . You are the project manager for Safeway Inc., a company that specialises in the design and production of personal protection equipment

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Question 4 [20] . You are the project manager for Safeway Inc., a company that specialises in the design and production of personal protection equipment (PPE). Your current project involves the manufacturing and distribution of facemasks and surgical gloves to be distributed to all health workers in the Eastern Cape. The following information is available: The client pays four monthly payments of R150 000 for May, R80 000 for June, R100 000 for July and R200 000 for August. You employ labour at R50 000 per month from May to August. You buy materials at R60 000 for May and R30 000 per month from June to August. You hire equipment at R15 000 per month for May, June and August and R80 000 for July. The cost of transport services totals R20 000 per month. Compile a project cash flow statement for incurred costs during the four-month period from May to August. Also indicate if there is a profit or loss at the end of the project

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