Sales for Maju Jaya Sdn. Bhd. are RM450,000, RM380,000, RM420,000, RM350,000 and RM330,000, respectively from February...

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Sales for Maju Jaya Sdn. Bhd. are RM450,000, RM380,000, RM420,000, RM350,000 and RM330,000, respectively from February until June. The following information is provided: 1. Purchase is calculated as 50% of the current month sales, 40% of the purchase is made in cash, 30% of purchase are paid after one month of purchase, 20% of purchase are paid after two months of purchase and the remaining are paid after three months of purchase. 2. The monthly wages and salaries are 13% of the next month's sales. 3. Cash dividends of RM1,200 will be paid in May and June. 4. Monthly interest payment is RM800. Required: (i) Prepare a cash disbursement for Maju Jaya Sdn. Bhd. covering the months of April through June. [11 marks] (ii) List any THREE (3) cash activities to prepare the cash budget. [3 marks] Sales for Maju Jaya Sdn. Bhd. are RM450,000, RM380,000, RM420,000, RM350,000 and RM330,000, respectively from February until June. The following information is provided: 1. Purchase is calculated as 50% of the current month sales, 40% of the purchase is made in cash, 30% of purchase are paid after one month of purchase, 20% of purchase are paid after two months of purchase and the remaining are paid after three months of purchase. 2. The monthly wages and salaries are 13% of the next month's sales. 3. Cash dividends of RM1,200 will be paid in May and June. 4. Monthly interest payment is RM800. Required: (i) Prepare a cash disbursement for Maju Jaya Sdn. Bhd. covering the months of April through June. [11 marks] (ii) List any THREE (3) cash activities to prepare the cash budget. [3 marks]

Answer rating: 100% (QA)

To prepare the cash disbursement for Maju Jaya Sdn Bhd covering the months of April through June we need to consider the given information and calcula... View the full answer