You need to create cash budget for Beta Ltd for 3 months ended on 30^th September 20X7. You know: Cash at bank (01.07.20X7.) 28'000 Salaries and wages monthly 11'000; Interest Beta Ltd shall pay in August 4'850 Credit sales are collected 60% in the month when sales are made, and 40% in the next (following) month. Collection from credit sales are subject to 4% discount if payment is received during the month of sale, and subject to 2% discount if payment is received in the month following the sale. Creditors are paid either on a prompt category or 30 days basis. It is estimated that 30% of creditors are in the prompt category. Solution