The creditors are allowing a credit of 2 months for your purchases of raw material Purchases month Total purchases (5) Nov-17 30,000 Dec-17 40,000 Jan-18 50,000 Feb-18 60.000 Mar-18 44,000 Apr-18 50,000 Marketing cost of $30,000 is payable in March The company had purchased an equipment that will cost 540,000 in December 2017, and the payments are to be made in monthly installments of 52.400 starting January Wages are paid on every monthFored amount at 59.000. It is expected that the wages will be increased by 10% from March 2018 From the following forecast of income and expenditure, prepare a cash budget for four months ending April 2018 for Babyland Co Additional information as follows: The business has estimated that 50% of its sales will be cash sales, and the remainder credit sales and debtors will pay in the month following sale Sales Month Nov.17 Total sales (5) 50,000 60,000 70.000 Dec-17 Jan-18 Feb-18 120.000 110 000 Apr. 18 100.000 The creditors are allowing a credit of 2 months for your purchases of raw The creditors are allowing a credit of 2 months for your purchases of raw material Purchases month Total purchases (5) Nov-17 30,000 Dec-17 40.000 Jan-18 50,000 60.000 Feb-18 Mar-18 44.000 Apr-18 50,000 Marketing cost of $30,000 is payable in March The company had purchased an equipment that will cost $40,000 in December 2017 and the payments are to be made in monthly installments of $2.400 starting January Wages we paid on every month Fored amount at $3.000.it is expected that the wages will be increased by 10% from March 2016 Manufacturing expenses are fired for every month amounted 51,500. Administrative expenses are $1000, S1200, 51100 and $900 from month of January to April 2018 Runt will cost $60.000 per annum payable three monthly in advance in January, April, July and December each year The bank balance at 31 December 2017 is $15.000. Company lice to keep at a minimum of $30,000 as their ending cash balance each month Company has arranged a credit line borrowing with the bank to access funds on a short- ter basis. The company will pay full amount in the month and the bank will charge 10% interest from the borrowing It has been decided by the Management that in case of cash closing exceeding 5100.000 shareholder will cerve $25,000 dividend in the month occur