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The management of Bundesliga Limited has asked you to prepare a cash budget for the months of November and December 2022. The following information is
The management of Bundesliga Limited has asked you to prepare a cash budget for the months of November and December 2022. The following information is available: Additional Information 1. A negative opening balance of R250 500 . Question Completion Status: Additional Information 1. Anegative opening balance of R250500. 2. Interest expense of R35000 payable per month. 3. Advertising amounts to R15000 per month. 4. All sales are on credit and are collected as follows: 60%, in the month of sale 20%, in the month following the sale 15% in the second month following the sale The balance is irrecoverable. 1. All purchases are on credit; however, they are paid within the month of purchase to obtain a discount of 5%. 6. A delivery vehicle amounting to R300000 will be bought in November 7. The old delivery will be sold in December for R95000. 8. Interest income amounting to R20000 is received every month 9. Rent income of R150500 is received every month. Required: Prepare a cash budget for November and December. Show all necessary schedules. Do not type the Rand sign and do not put spaces
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