Resource for Question 5 - Parts (a) and (b). Matt provided the following budgeted information for the three-month period ending 31 July 2022. - All transactions are on a cash basis. - The purchase price is $16 per unit. - All goods are sold at a mark up of 25%. - Salaries are $2700 per month. - Staff are paid a commission of 2% of sales, payable in the month of sale. - General expenses of $3210 per month include depreciation of $620 - Rent is $350 per month, payable half yearly in January and June. - Additional capital of $10000 will be introduced in May 2022. - The bank balance is expected to be $3150 overdrawn on 1 May 2022. - Bank interest is charged at 2% per month if the bank balance is overdrawn at the end of the month. Interest will be paid in the following month. You will need to use the data on page 6 of the Resource Booklet to answer parts (a) and (b). 5 (a) Complete the cash budget for the three-month period ending 31 July 2022. Matt provided the following ratios. (b) Evaluate the forecast change in liquidity including two ways in which Matt could improve his liquidity. Resource for Question 5 - Parts (a) and (b). Matt provided the following budgeted information for the three-month period ending 31 July 2022. - All transactions are on a cash basis. - The purchase price is $16 per unit. - All goods are sold at a mark up of 25%. - Salaries are $2700 per month. - Staff are paid a commission of 2% of sales, payable in the month of sale. - General expenses of $3210 per month include depreciation of $620 - Rent is $350 per month, payable half yearly in January and June. - Additional capital of $10000 will be introduced in May 2022. - The bank balance is expected to be $3150 overdrawn on 1 May 2022. - Bank interest is charged at 2% per month if the bank balance is overdrawn at the end of the month. Interest will be paid in the following month. You will need to use the data on page 6 of the Resource Booklet to answer parts (a) and (b). 5 (a) Complete the cash budget for the three-month period ending 31 July 2022. Matt provided the following ratios. (b) Evaluate the forecast change in liquidity including two ways in which Matt could improve his liquidity