2. Fella Design Sdn Bhd is planning to request a line of credit from RHB Bank. The forecasted sales and purchases for the company in year 2014 are as follows: Month Sales (RM) Purchases (RM) July 350,000 125,000 August 550,000 850,000 September 700,000 300,000 October 320,000 240,000 November 350,000 165,000 December 85,000 90,000 The collections of sales are as follows: a) Cash sales is 10% 75% is collected one month after sales The remaining balance is collected two months after sales Payments for raw materials are typically made in the month following the one in which these costs have been incurred. Monthly general and administration expenses amount to RM25,000; lease payment is RM 9,000 a month; depreciation charges is RM 35,000 a months; miscellaneous expenses is RM 2,500 a month; income tax payment of RM 63,000 is due in December and a progress payment of RM 180,000 on new machine must be paid in October. Cash on hand in October 1 amount to RM 130,000 and a minimum cash balance of RM 90,000 must be maintained throughout the cash budget period. Prepare a cash budget for October, November and December 2014. 3. Haziq Sdn Bhd is in the process of estimating its short term financing needs for 3 months ending in 30 Sept 2012. The estimated sales are as follows