The following budget estimates are available for Ashton Ltd., manufacturer of a single product:

Actual and projected sales:

					Cash	Credit
					R	R
January (actual)					70 800	283 200
February (actual)					72 000	288 000
March (actual)					71 400	285 600
April (budget)					68 400	273 600
May (budget)					70 800	283 200
June (budget)					72 000	288 000

Debtors on average settle their accounts as follows:

50% pay during the month following the month of sale, and are allowed a discount of 5%,

47% pay during the second month following the month of sale, and

3% prove uncollectable.

Required production is as follows:

Month	Units
March	17 900
April	17 400
May	17 850

The inventory policy of the company is to maintain closing stock of raw material at 80% of the following month's production requirements. The company uses 5 kg of raw material at a cost of R1,50 per kg, to manufacture one unit. Raw material stock at March 01, equals 72 000 kg. Sixty percent of all raw material purchases are paid within the month of purchase, and the other forty percent are paid during the month following the month of purchase. Total material purchases for February amounted to R122 440.

Wages are R4 per unit, and factory overhead R3 per unit. Factory overhead include a monthly depreciation charge of R8 000. Fixed selling and administrative expenses amount to R45 000 per month, including a depreciation charge of R3 000. Monthly variable selling and administrative expenses equal 5% of total sales for the month. Wages, factory overhead, and selling and administrative expenses are all paid during the month incurred.

Computers with a book value of R12 000 will be sold for cash during March, at a loss of R2 000. New computers will be acquired at a cost of R100 000 and would be paid for in five equal monthly instalments commencing in March.

The bank balance at March 01 amounted to R18 750.

Required:

Draw up a cash budget for the months of March and April.

(a) Calculate collections from debtors for March