$7$:$54$

$724$

GROUP ASSIGNMENT $2$ CA$...$

SEMESTER MARCH $2025$

GROUP ASSIGNMENT $2$

Question

Advanced Digital Berhad is involved in producing electronic components for a local smart T$.$V company. The management has requested the finance manager to identify if cash is sufficient. The following data refers to the budgeted cash payments and receipts for the six month period ending $30$ June $2025$

i$.$ Cash balance on $1^{**}$ January $2025$ is expected to be RM$500,000.$

ii$.$ Forecast sales for the six months are as follows:$-$

$\backslash$table$[[,],[$January$,450,000],[$February$,520,000],[$March$,590,000],[$April$,640,000],[$May$,580,000],[$June$,570,000],[,]]$

$30\%$ are paid in the month of sale

$20\%$ are paid one month after sale

$50\%$ are paid two months after sale

iii. The following miscellaneous payments are budgeted to be:

$\backslash$table$[[$Rent$,4,000$ every month$],[$Internet charges,$2,700$ every month$],[$Building maintenance,$6,000$ for January and June$],[$Electricity$,3,500$ every month$],[$Salaries$,50,000$ every month$]]$