The following budgeted information is available for Slipper Ltd: It is expected that the cash balance at
Question:
The following budgeted information is available for Slipper Ltd:
It is expected that the cash balance at 1 March will be £2,900.
Cash sales are expected to be 10% of total sales.
Debtors are expected to settle their debts one month after the sales have taken place.
Required
Prepare a cash budget for each of the three months ending 31 May.
Transcribed Image Text:
Sales Cash purchases Cash expenses Cash purchase of machinery Depreciation of machinery February March £ £ 40,000 38,000 14,000 12,000 16,000 18,000 60,000 500 April May £ £ 39,000 41,000 13,000 15,000 17,000 19,000 500 500
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