The business is doing well so Hearthington decided to pay off the loan as one off payment. As a result, the cash budget for the month of September 2021 is:

Calculate the Cash Closing Balance for the month of September 2021. (1 mark)

Suggest two (2) strategies to improve the cash position for Hearthington Pty Ltd. (2 marks)

Cash Budget For The month of September 2021 Cash Receipts Sales - Retail Receipt from Acc Rec Proceeds from excessive stocks Total Cash Receipts September 200,000 460,000 50,000 710,000 Cash Payments Salary and Wages Sales Commissions Purchase of Supplies Administration Utilities expenses Loan payment Rental expenses Total Cash Payments 70,000 85,000 500,000 1,500 3,000 200,000 10,000 869,500 Net Cash flow for the period Cash (Opening/Balance) Cash (Closing/Balance) ? 141,000 ? So, e