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Required: (a) Prepare a cash budget for the months of November 2018 to January 2019. (Note: Show supporting schedules for the calculation of sales collections

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Required: (a) Prepare a cash budget for the months of November 2018 to January 2019. (Note: Show supporting schedules for the calculation of sales collections and payables). (1 1 marks) (b) Will ENVIRO-GEAR Lid be in a position to pay off $7,500,000 8% 6-month note that is due on 1 January 2019? If not, what actions would you recommend to ENVIRO-GEAR Lid management? (2 marks) (Total: 13 marks)

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