Use the following information provided by Winclo Enterprises to prepare the: 2.1Debtors Collection Schedule for November and December 2018. 2.2Cash Budget for November and December 2018. Note: Use separate amount columns for each month. Where applicable, round off amounts to the nearest Rand.

INFORMATION 1.The bank balance on 31 October 2018 is expected to be R20 000 (favourable) Total sales are expected to be as follows: September 2018 R375 000 October 2018 R250 000 November 2018 R240 000 December 2018 R275 000 Cash sales usually make up 60% of the total sales. The balance of the sales is on credit. Credit sales are normally collected as follows: 80% in the month after the sale; 15% two months after the sale. The rest is usually written off as bad debts. Expected purchases of inventory 4 * Credit purchases Cash purchases October 2018 R80 000 R75 000 November 2018 R95 000 R85 000 December 2018 R100 000 R110 000 Creditors are paid in the month after the purchase The monthly salaries amount to R70 000. Salaries are expected to increase by 10% with effect from 01 December 2018 Interest, calculated at 6% per annum on the fixed deposit (investment) balance of R30 000, is receivable at the end of each month Part of the building is sublet to a tenant. The lease agreement for the year ended 30 November 2018 reflected the rental at R5 000 per month. The rental will increase by 12% with effect from 01 December 2018 Other cash operating expenses are expected to amount to R30 000 for October 2018. An increase of R250 is expected each month thereafter. 6 7. 9 10