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Question 6 BBQ Berhad proiected sales for the first six months of 2023 are qiven below: - 40% of sales are collected in cash at

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Question 6 BBQ Berhad proiected sales for the first six months of 2023 are qiven below: - 40% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 10% are collected in the second month following the sale. - Cost of goods sold is 60% of sales. Purchases are made in the month prior to the sales, and payments for purchases are made in the month of the sale. - Total other cash expenses are RM40,000/month. - The company's cash balance as of February 28, 2023, will be RM25,000. Excess cash will be used to retire short-term borrowing (if any). BBQ Berhad has no short-term borrowing as of February 28, 2023. Assume that the interest rate on short-term borrowing is 1% per month. - The company must have a minimum cash balance of RM15,000 at the beginning of each month. Required: Prepare a cash budget for the months of March to May 2023

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