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The budgeted transactions of Magwitch Incorporated for the quarter ending 30 April 2022 are as follows: i. Budgeted sales amount to R 1152630,98 . (38\% will be sold during February 2022,34% during March 2022 and the rest during April 2022. 49% of the sales are expected to be made on credit. Debtors usually pay their debt as follows: - 46% in the month following the month of sales - 28% in the second month following month of the sales - 18% in the third month following the month of the sales - 8% is written off as irrecoverable in the last month of collection ii. Purchases is expected to amount to R 720394,00 . Assume that opening and closing inventories will remain constant and that a constant mark-up percentage is maintained throughout. 41% of all the purchases are made on credit, while creditors are paid in the month following the month in which the purchases were made. iii. Sales personnel receive a commission of 14% on all sales. Office personnel receive monthly salaries of R 13098,00 each. There are 12 office staff members. The commission and salaries are paid in cash every month. v. New office equipment with a hire purchase price of R230526,20 will be purchased on I February 2022. A deposit of 40% of the HP price must be paid on I February 2022, and the balance must be paid in 55 equal monthly instalments beginning the 1 March 2022. R 8538,0 depreciation is to be written off per month on this vehicle as from 1 Aprii 2022. v. Income tax amounting to R 26196,00 is payable during April 2022 to SARS. vi. Dividends of R 19647,00 , declared on 8 January 2022, must be paid during March 2022. vii. The following balances appeared in the books of Magwitch Incorporated on 31 January 2022: viii. Credit sales were as follows during the previous budget period: Prepare Magwitch Incorporated monthly cash budget for February, March and April 2022 The budgeted transactions of Magwitch Incorporated for the quarter ending 30 April 2022 are as follows: i. Budgeted sales amount to R 1152630,98 . (38\% will be sold during February 2022,34% during March 2022 and the rest during April 2022. 49% of the sales are expected to be made on credit. Debtors usually pay their debt as follows: - 46% in the month following the month of sales - 28% in the second month following month of the sales - 18% in the third month following the month of the sales - 8% is written off as irrecoverable in the last month of collection ii. Purchases is expected to amount to R 720394,00 . Assume that opening and closing inventories will remain constant and that a constant mark-up percentage is maintained throughout. 41% of all the purchases are made on credit, while creditors are paid in the month following the month in which the purchases were made. iii. Sales personnel receive a commission of 14% on all sales. Office personnel receive monthly salaries of R 13098,00 each. There are 12 office staff members. The commission and salaries are paid in cash every month. v. New office equipment with a hire purchase price of R230526,20 will be purchased on I February 2022. A deposit of 40% of the HP price must be paid on I February 2022, and the balance must be paid in 55 equal monthly instalments beginning the 1 March 2022. R 8538,0 depreciation is to be written off per month on this vehicle as from 1 Aprii 2022. v. Income tax amounting to R 26196,00 is payable during April 2022 to SARS. vi. Dividends of R 19647,00 , declared on 8 January 2022, must be paid during March 2022. vii. The following balances appeared in the books of Magwitch Incorporated on 31 January 2022: viii. Credit sales were as follows during the previous budget period: Prepare Magwitch Incorporated monthly cash budget for February, March and April 2022