You are provided with information relating to Always Lasting, a sole trader.

$3\mathrm{.}1$ Calculate the percentage of goods sold on credit during February $2024.$

$3\mathrm{.}2$ Calculate the amount that the business expects to receive from debtors during

March $2024.$

$3\mathrm{.}3$ Prepare the Cash Budget for March $2024.$

INFORMATION:

Sales figures for $2024$

$\backslash$table$[[$MONTHS$,$ACTUAL,BUDGETED$],[$CASH$,$CREDIT,CASH,CREDIT$],[$JANUARY$,18800,75200,,],[$FEBRUARY$,12600,50400,,],[$MARCH$,,,19600,78400]]$

Credit sales are generally collected as follows:

$50\%$ in the month of sale $($these debtors receive a $5\%$ discount$)$

$30\%$ after $30$ days $($in the month after sales$)$

$15\%$ after $60$ days $($two months after sales$)$

$5\%$ is written off as bad debts.

With regard to trading stock, the following must be noted:

The business maintains a mark$-$up percentage of $40\%$ on sales and a fixed base stock level. $($stock sold in a month is replaced in that month$)$

All purchases of stock are made on credit

Creditors are paid in the month after the purchase of the stock.

Interest on fixed deposit amounts to R$4800$ per year. This is received in two equal instalments on $1$ March $2024$ and $1$ September $2024.$

Operating expenses amount to R$18000$ per month and is paid by cheque.

Salaries is R$24000$ per month. During March $2024,$ the four shop assistants will also receive their production bonuses of $80\%$ of their monthly salary.

The total rent income for the previous financial year was R$36000.$ The rent is expected to increase by $15\%$ on $1$ March $2024.$

The owner agreed that his drawings per month should exceed R$2000.$ This must comprise R$1500$ cash and R$500$ worth of trading stock.

Renovations to the office and reception area were done during December $2023.$ New office equipment including computers were purchased on $1$ January $2023$ for R$96000.$ These are being paid off in $12$ equal monthly instalments. Depreciation on equipment amounts to R$7800($including the new equipment$).$