the exercise.

If you have the following data for the purpose of preparing the cash budget for Al-Iman Company for the year 2022, which has a capital:

1- Expected monthly sales in 2022: June 100000, July 80000, August 60000, September 100,000, October 80,000.

2- The cash sales are expected to be 10%, and the forward sales are to be made on the basis of 50% in the following month For sale, 20% in the following month, 30% in the third month, and there is a possibility of bad debts at a rate of %15

3- The percentage of gross profit is 40%.

4- The company will purchase monthly raw materials based on the sales of the following month, and the value of. will be paid Purchases in the month following the purchase.

5- The fixed expenses amount to 36000 riyals distributed equally over the months of the year.

6- The monthly consumption is estimated at 2000 riyals.

7- Variable payments are 10% of the sales value, 50% of which is paid in the same month, and the rest in

Immediately next month.

8- The company will buy a new machine in June with a value of 20,000 riyals, 50% of which will be paid in cash

Given a month's grace period, I have to pay the rest in two equal installments, and the company plans to buy a machine New for 190,000 riyals in the month of October.

9- The cash balance at the end of June is 2000 riyals, and the minimum required for cash is 1000 riyals "the limit"

minimum cash to be held.

10- The company will obtain a loan of 48000 riyals in the first month of July at an annual interest rate of 5%, to be repaid The loan and its interest at the end of September.

11- The value of the net fixed assets amounted to 8000 riyals at the end of June, and the company is expected to purchase Other fixed assets in October pay off in December.

12- The company will make annual dividends to shareholders in the month of August, amounting to 20,000 . Rial.

Required :

Preparing the cash budget for the year 2022 for the months of July, August, and September, with comments on it.

96000.2 years =3.7 ears =6.105. f you have a project whose life expectancy is three years, and it brings you cash flows at the end of each of the three years at a rate 10% estimated at 5000 riyals, 6000 riyals, 10000 riyals respectively, according to the above, what you pay in the project now is: 96000.2 years =3.7 ears =6.105. f you have a project whose life expectancy is three years, and it brings you cash flows at the end of each of the three years at a rate 10% estimated at 5000 riyals, 6000 riyals, 10000 riyals respectively, according to the above, what you pay in the project now is