2 Abuhatim LLC has given the following particulars. You are required to prepare a cash budget...

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2 Abuhatim LLC has given the following particulars. You are required to prepare a cash budget for the three months ending 31st December 2019 2100 Months Sales Materials Wages Over heads (OMR) (OMR) (OMR) (OMR) August 20000 10200 3800 1900 September 21000 10000 3800 October 23000 9800 4000 2300 November 25000 10000 4200 2400 December 30000 10800 4500 2500 Credit terms are 1. Sales /Debtors 10% sales are on Cash, 50% of the credit sales are collected in next month and the balance in the following month 2. Creditors - materials 2 months Wages 1 month Over heads - 1 month 3. Cash balance on 1st October is expected to be OMR.8000 4. A machinery will be installed in August at a cost of OMR. 100,000, the monthly instalment of OMR.5000 is payable from October onwards 5. Dividend at 10% on preference share capital OMR.300,000 will be paid on 1st December 2019 6. Advance to be received for the sale of vehicles OMR.20000in December 7. Income tax tobe received in December OMR.5000 2 Abuhatim LLC has given the following particulars. You are required to prepare a cash budget for the three months ending 31st December 2019 2100 Months Sales Materials Wages Over heads (OMR) (OMR) (OMR) (OMR) August 20000 10200 3800 1900 September 21000 10000 3800 October 23000 9800 4000 2300 November 25000 10000 4200 2400 December 30000 10800 4500 2500 Credit terms are 1. Sales /Debtors 10% sales are on Cash, 50% of the credit sales are collected in next month and the balance in the following month 2. Creditors - materials 2 months Wages 1 month Over heads - 1 month 3. Cash balance on 1st October is expected to be OMR.8000 4. A machinery will be installed in August at a cost of OMR. 100,000, the monthly instalment of OMR.5000 is payable from October onwards 5. Dividend at 10% on preference share capital OMR.300,000 will be paid on 1st December 2019 6. Advance to be received for the sale of vehicles OMR.20000in December 7. Income tax tobe received in December OMR.5000