SUBJECT: FINANCE MANAGEMENT

Kopitano is a startup a coffee shop. Assist Kopitano in preparing the cash budget from June to September. The company has projected sales and expenses as follows:

MONTH	SALES (RM)	PURCHASES (RM)
June	55000	40000
July	58500	55000
August	79000	58000
September	80000	45000

Historically, 30 percent of sales have been for cash and the remaining 70 percent are collected one month after sale.

60 percent of the purchase price is paid in cash and the balance 40 percent of the purchase price will be paid on month later.

Fixed monthly expenses for Kopitano are:

EXPENSES	RM
rentals	4000
utilities	2800
depreciation	8000
wages	2500

In June, Kapitano expects to receive a RM5,000 dividend from its investment in a local mutual fund, while in August, Kapitano plans to renew its insurance policy and has to pay RM5,000 for that purpose. Kapitano also plans to pay its tax amounted RM3,000 in July and bonus will be pay in September, RM7,500.

Kapitanos cash balance as at June was RM20,000 and a minimum of RM15,000 must be maintained at all times. Kapitanos borrowing subjected to 24 percent per annum interest rate.

Prepare a complete financial planning for the months of July, August and September Kopitano.