Specifically, discuss how the cash budget in Appendix B (for James Freeman and Family Enterprise for the year 2020), and the statement of financial position in Appendix C (for Janet Zhang) could be useful to (i) employees, and (ii) lenders of the respective organisations.

Appendix B: Cash Budget for James Freeman and Family Enterprise for the year 20204 Q22 Q32 Q42 Total Q12 RECEIPTS (INFLOWS: CASH SALE (60%) 60,000 1 MONTH CREDIT SALES (40%) 40,000 ADDITIONAL CAPITAL 40,000 72,000 40,000 120,000 48,000 180,000 80,000 432,000 208,000 40,000 TOTAL INFLOWS 140,000 112,000 168,000 260,000 680,000 50,000 90,000 120,000 PAYMENTS (OUTFLOWS): PURCHASES PURCHASE OF EQUIPMENT ADMIN. WAGES / SALARIES 40,000 180,000 5,000 10,000 300,000 180,000 26,000 52,000 5,000 12,000 6,000 14,000 10,000 16,000 TOTAL OUTFLOWS 235,000 67,000 110,000 146,000 558,000 (95,000) 45,000 58,000 114,000 122,000+ NET CASH FLOW [SURPLUS/(DEFICIT)] OPENING BALANCE CLOSING BALANCE 35,000 (60,000) (60,000) (15,000) 43,000 (15,000) 43,000 157,000 35,000 157,000 Appendix C: Statement of Financial Position of Janet Zhang as at 31st December 2019 E Non-Current Assets: Plant & Machinery Buildings Motor Vehicles at cost Fixtures & Fittings 5,000 50,000 10,800 2,100 67,900 Current Assets: Inventory Trade receivables Cash at Bank 18,000 26,010 3,092 47,102 Less: Current Liabilities Trade payables (20,386) Net current assets (working capital) Total Assets - CL 26,7164 94,616 Less: Non-Current Liabilities 0 0 (0) 94616 Net Assets Financed by: Capital Profit 93,450 8,366 01,8164 (7,200) 94,616 LESS: Drawings