Sales Less Dire Dire Good supplies Les 240 19 SE Finance charges - Question 6 a) Phylis Company sells plastic bowls. The forecast information for the five months ending June 2015 is February March April May June GH000 GH000 GH000 GH000 GH000 Sales 20 16 24 28 26 12 16 18 14 12 Motor vehicle 60 12 6 3 5 Further information: a) On average 40% of each month's sales is expected to be for cash, 30% will be given one month's credit. The rest will be given two months credit. All money will be received when due. b) Suppliers are to allow one month credit c) Finance charges will be paid at the end of the month in which they are incurred. d) 30% of Motor Vehicle bought in the month will be paid in that month and the remaining spread over the next 3 months. e) The bank balance as at end of February 2015 is GHC2,400 overdraft. Required: Prepare a detail forecast month to month cash budget for the four months ending 30 June 2015 32 Page # NEVER SAY I CANT BUT RATHER SAY I CAN