Racun Sdn Berhad is developing its cash budget for the remaining four

months of $2012.$ Actual and expected revenues, purchases, and costs

are as follows:

a$)$ Sales reached RM$155,000$ in June, RM$160,000$ in July, and RM$170,000$

in August.

b$)$ Sales are expected to climb by $10\%$ each month in September,

October, November, December $2012,$ and January $2013.$

c$)$ The collection includes the following: Cash sales accounted for

$20\%$ of total transactions, with the remaining $80\%$ collected in equal

installments over the next two months.

d$)$ Inventory purchases account for $50\%$ of monthly sales. Purchases

are made two months in advance of sales.

$60\%$ of the items will be paid in cash, with the remaining amount due

one month later.

E$)$ Monthly expenses:

Rent and car loan payments are RM$7,000$ and RM$3,000,$ respectively. The

firm's utilities account for $2\%$ of its revenues.

Salary and wages: RM $20,000.$

Depreciation expenditures for fixed assets: RM $3500$

Selling and general expenditures totaled RM $30,000,$

including EPF and SOCSO. Insurance premium: RMI$7000$

Miscellaneous costs totaled RM $5,000.$

f$)$ In May, the firm borrowed RM $300,000$ for operating capital, with a

$6\%$ annual interest rate. Interest will be paid on a monthly basis

from June $2012$ to bay $2013.$

g$)$ RMI $15,000$ tax payment to LHDN is due at the conclusion of each

quarter.

h$)$ Purchase new PCs for RM $15,000$ in $0$ctober.

i$)$ Bonus payments of RM $20,000$ will be made in December.

h$)$ The firm got a monthly property rental of RM $3000.$

i$)$ The firm maintains a winimum cash level of RM$25,000$ every month,

and the final cash balance in August was RML$50,500.$

As the company's financial employee, you are responsible for

preparing a cash budget for Racun Sdn Bhd for the last four months of

$2012$ and determining the surplus or deficit.