the details given below: Feb. 12,00.000 sales in March). the Cash budget of Fashion Fabrics for the months April, 2009 to July, 2009 (four months, from al Estimated sales during 2009 (Rs.) March April May June July Aug 12.00.000 16,00,000 20,00,000 18,00,000 16,00,000 14,00,000 (b) On an average 20of sales are cash sales. The credit sales are realized in the third month (January te) Purchases amount to 60% of sales. Purchases made in a month are generally sold in the third month and payment for purchases is also made in the third month. Variable expenses (other than sales commission) constitute 10% of sales and there is a time lag of half a month in these payments. le) Commission on sales is paid at 5% of sales value and payment is made in the third month. (t) Fixed expenses per month amount to Rs.75,000 approximately. Other items anticipated: Due Interest payable on deposits Rs. 1,60,000 (April, 2009) Sales of old assets Rs. 12,500 (May, 2009) Payments of tax Rs. 80,000 (June, 2009) Purchase of fixed assets Rs. 6,50,000 (July, 2009) b) Opening cash balance Rs. 1,50,000