REQUIRED Use the information provided below to prepare the following for Mustang Enterprises for January and February 2024. \begin{tabular}{|l|l|r|} \hline 3.1 & Debtors Collection Schedule & (4 marks ) \\ \hline 3.2 & Cash Budget. & (16 marks ) \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ INFORMATION } \\ \hline \multicolumn{2}{|c|}{ The following information was supplied by Mustang Enterprises: } \\ \hline 1. & Mustang Enterprises expects to have an unfavourable bank balance of R40 000 on 31 December 2023. \\ \hline 2. & The monthly sales were projected as follows: \\ \hline & 2023 \\ \hline & November \\ \hline & December \\ \hline & 2024 \\ \hline & January \\ \hline & February \\ \hline 3. & \begin{tabular}{l} The selling price is R20 per unit (excluding any discounts). All the goods produced each month are \\ expected to be sold in the same month. Sixty percent ( 60%) of the sales is expected to be on credit and \\ the balance is for cash. Thirty percent ( 30%) of the casisis sales is subject to a discount of 10%. \end{tabular} \\ \hline 4. & Credit sales are usually collected as follows: \\ \hline & - 20% in the month of sale, anarthese debtors receive a 5% discount. \\ \hline & - 75% in the month after the sale, and the rest is usually written off as bad debts. \\ \hline 5. & \begin{tabular}{l} Manufacturing overheads are paid monthly. The overheads are expected to amount to R65 000 for \\ December 2023 , including R5 000 for depreciation. Manufacturing overheads are expected to increase \\ by 5% each month. \end{tabular} \\ \hline 6. & \begin{tabular}{l} Labour costs amount to R6 per unit and are paid in the month in which they are incurred. Labour costs \\ per unit are expected to increase by 9% with effect from 01 February 2024 . \end{tabular} \\ \hline 7. & \begin{tabular}{l} Materials cost R7 per unit (excluding any discounts). All the materials are purchased for cash to take \\ advantage of a discount of 7.5%. \end{tabular} \\ \hline 8. & \begin{tabular}{l} R200 000 is expected to be invested in a fixed deposit account on 01 February 2024. Interest at 9\% \\ per annium is receivable monthly, commencing February 2024 . \end{tabular} \\ \hline 9. & \begin{tabular}{l} Selling and administrative costs are paid monthly and are expected to total R56 000 for February 2024 , \\ after an increase of 12% takes place on 01 February 2024. \end{tabular} \\ \hline \end{tabular}