Sahara$$s Co$.$ Ltd$.$ Wishes to arrange overdraft facilities with its bankers from

the period August to October $2023$ when it will be manufacturing mostly for

stock. Prepare a Cash Budget for the above period from the following data

given below:

Additional Information:

$($a$)$ Cash on Hand August $1,2023$ $$25,000$

$($b$)50\%$ of credit sales are realized in the month following the sale and the

remaining $50\%$ in the second month following. Creditors are paid in the

month following the month of purchase.

$($c$)$ Lag in payment of manufacturing expenses half month.

$($d$)$ Lag in payment of other expenses one month.

Table $1$

Month Sales Purchases Wages Manuf. Exp Office Exp Selling Exp

June $18000012480012000300020002000$

July $19200014400014000400010004000$

August $10800024300011000300015002000$

September $17400024600012000450020005000$

October $12680026800015000500025004000$

November $14000028000017000550030004500$

December $16000030000018000600030005000$