Read the scenario below and answer the questlons that follow:

As the cash manager, you have been asked to prepare a cash budget for

Carmel Icecream $($Pty$)$ Ltd$.$ The requirement is that you prepare a $3-$month

cash budget so that the company can analyse how they are managing their

cash, as well as a cash flow forecast for the months of October, November and

December $2024.$

The bank balance is a negative balance of R$120000$ on $1$ October $2024.$

Relevant forecast sales information is outlined below:

Cash sales are collected immediately. As for credit sales, $70\%$ is collected from

debtors in the month in which they are sold, while the balance of $30\%$ is

collected the following month.

$(9)$ Milpark Education Finance Managers FMAN$02-6$ Aaslgnment March $2024$

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Information relating to expenditure is outlined below:

Additional Information:

September credit sales were R$100000.$

Purchases are settled for cash in the month of purchase.

Salaries and wages are paid in the month incurred.

A ${13}^{th}$ cheque $($budgeted for December$)$ will cost the company

R$90000.$

Electricity is paid the month in which it is incurred, as shown.

Depreciation of R$14500$ is included in the overhead figures; these are

also settled in the month in which they occur.

In November, Carmel Icecream also intends to buy another ice$-$cream

machine $($worth R$81000),$ which they will pay for in cash.

Requlred:

$2\mathrm{.}1$ Prepare a cash budget for Carmel Icecream $($Pty$)$ Ltd for the months of

October, November and December $2024.$ Note: show all workings. $(24)$

$2\mathrm{.}2$ State $3$ types of business structures and discuss their characteristics.

Alse, provide examples of each.