Required:

a$)$ The CEO needs the Cash Budget for May and June $2023$ urgently to make various important decisions.

Prepare a Cash Budget for May and June $2023.$

You need not calculate the total for the two months of May and June $2023.$

b$)$ In addition, the CEO also needs the following information for further decision$-$making:

$1.$ Critically analyse the advantages and disadvantages of using incremental budgeting?

$2.$ List and explain the main steps in preparing a zero$-$based budget?

It is a compulsory requirement to have citations and references for both answers in $($b$)$ above.

Students are required to provided their own view points supported by literature.