Question 4 a) Budgeting involves participation of staff and management resulting possible behavioural problems that may arise during the budgeting process. Briefly discuss one (1) behavioural problem in budgeting and suggest the solution that a company can take to overcome this problem. (4 marks) b) Selected information concerning sales, purchases and inventories for Semboelan Trading for the first quarter of 2023 are summarized as follows: 1. The sale for January is estimated for 10,000 units. The sales for the following months are expected to increase by 20% from the previous month. The selling price is RM15.00 per unit. 2. The sales for November and December were 6,000 and 8,000 units respectively. 3. Only 60% of the total sales are made in cash in the month of sale, while 20% are collected in the month after the sales, and the balance 20% is collected in the second month after the sales. 4. The company requires the ending inventory to be kept at minimum equals to 40% of the cost of goods sold of the following month. The cost of goods sold averages 55% of the sales. Required: i) Prepare a sales budget for the months of January, February and March. (2 marks) ii) Prepare a schedule of expected cash collections for the months of January, February and March. (3.5 marks) iii) Prepare a merchandise purchases budget showing the units that should be purchased for the months of January, February and March. (5.5 marks)