Which type of budget the council should to choose related to cash budget. Budget: Zero based budgeting Incremental budgeting Flexible budget V fixed budgetRolling v periodic

Budgeted data January February, March April E Sales 14,000 15,400 15,800 16,600 Purchases 13,000 12,600 12,800 13,400 Wages 600 680 740 800 Other overbeads 1,100 1,080 1,150 1,180 Capital expenditure 6,500 The following additional information is available: 1- 35% of the customers pay cash and the remainder take 1 month to pay. 2- Rent is paid in advance for 6 months on 1"t of May and 1"t of November each year. 3- 45% of the purchases are paid for after 1 month and the remainder in 2 months' time. 4- Wages are paid in the current month. 5- Other overheads are paid after 2 months. 6- Capital expenditure is paid in the following month. 7- Opening cash balance for January is $2,800 overdraft. CASH BUDGETING January February March April "Total sales 14,900 ES,390 85,480 E5,830 E21,600 Receivable $4,550 $4,900 $5,390 E5,480 $20,320 Collections Total Inflows $9,450 E10,290 E10,870 611,310 641,920 Expenses Purchases E4,550 E5,310 E5,200 E5,920 Wages E21,980 E600 $680 $740 E800 E2,820 Other El, 100 E1,080 E1,150 Overheads E3,330 Capital $6,500 Expenditure. E6,500 Total Outflows E5,150 $7,090 E13,520 $7,870 Net cash Flow $4,300 E3,200 634,630 $2,650 $3,440 Opening Cash $2,800 E1,500 E7,290 E4,700 Balance $2,050 E2,050 Closing Cash $1,500 E4, 700 (2,050 Balance E5,490 19,340