A company has a cash balance of $75,000 at the beginning of March and having regard...

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A company has a cash balance of $75,000 at the beginning of March and having regard to the following information. i. Creditors give 1-month credit Salaries are paid in the current month ii. Fixed overheads are paid one month in arrears and include a charge for depreciation of $5,000 per month iii. Variable overheads are paid two months in arrears iv. Credit sales are settled as follows: 40% in the month of sale, 45% in the next month and 12% in the following month. The balance represents bad debts. Month Cash Sales $ Credit Sales Purchases $ $ January February 74,000 55,200 82,000 61,200 March 20,000 80,000 60,000 April 22,000 90,000 69,000 May 25,000 100,000 75,000 Salaries Fixed Overheads Variable Overhead $ $ $ January 9,000 30,000 45,000 February 9,000 30,000 50,000 March 9,500 30,000 55,000 April 9,500 32,000 60,000 May 10,000 32,000 70,000 You are required to: A. Prepare the Cash Budget for March, April and May. An important goal of the management control system is to motivate employees to work in the best interest of the organisation. B. Explain TWO (2) important reasons for evaluating performance, stating how they impact goal congruence and employee effort. A company has a cash balance of $75,000 at the beginning of March and having regard to the following information. i. Creditors give 1-month credit Salaries are paid in the current month ii. Fixed overheads are paid one month in arrears and include a charge for depreciation of $5,000 per month iii. Variable overheads are paid two months in arrears iv. Credit sales are settled as follows: 40% in the month of sale, 45% in the next month and 12% in the following month. The balance represents bad debts. Month Cash Sales $ Credit Sales Purchases $ $ January February 74,000 55,200 82,000 61,200 March 20,000 80,000 60,000 April 22,000 90,000 69,000 May 25,000 100,000 75,000 Salaries Fixed Overheads Variable Overhead $ $ $ January 9,000 30,000 45,000 February 9,000 30,000 50,000 March 9,500 30,000 55,000 April 9,500 32,000 60,000 May 10,000 32,000 70,000 You are required to: A. Prepare the Cash Budget for March, April and May. An important goal of the management control system is to motivate employees to work in the best interest of the organisation. B. Explain TWO (2) important reasons for evaluating performance, stating how they impact goal congruence and employee effort.