That is complete. What is required is just to prepare a cash budget

Kunyima Traders is a sole proprietorship which is run by Mr Johannes Muhembo. He has provided the following information, Actual figures 2018 Month Sales Purchases N$ 400 000 400 000 375 000 October November December Operating expenses N$ 85 000 90 000 100 000 N$ 225 000 200 000 210 000 Budget figures 2019 Month Sales Purchases N$ 450 000 420 000 400 000 nuary February March Operating expenses N$ 110 000 95 000 87 000 N$ 250 000 225 000 175 000 Other information: Jan. 4 . 1. Cash balance on 31 December 2018 was N$ 12 575 2. All purchases are on credit. Suppliers are paid as follows: 25% during the month of purchase 50% one month after purchase 25% two months after purchase. 3. Sales are 50% cash and the balance on credit. 4. Collection from debtors is as follows: 50% on the month of sales 40% one month after sales 10% two months after sales 5. The business borrowed N$ 250 000 on 1 January 2018 to finance the acquisition of an equipment. Interest is payable at the end of each quarter at a rate of 15% per annum. 6. The business will receive a tax refund on 1 January 2019 of N$ 1 556 7. Half of the loan is to be paid on 1 January 2019 8. The old equipment is to be sold for N$ 5 000 in February 2019. 9. Mr Muhembo withdraws N$ 20 000 every month as salary of 10. Operating expenses are paid in the month they are incurred. 11. In February 2019 a sales agent is to be employed temporarily for the month and paid a sales commission of 5% on sales, pense REQUIRED: MARKS 4 Cash budget for the budget period ending 31 March 2019. 25