Question: Al-Zain LLC has provided the below information. Based on this information, prepare cash budget for 5 months (January to May 2022) (40 marks) MEC AMO
Al-Zain LLC has provided the below information. Based on this information, prepare cash budget for 5 months (January to May 2022) (40 marks) MEC AMO TEM_035_04 Page 1 of 12 Management Accounting for Business Decision (BUSS23002)-Spring-22-CW (Assignment 2) - All- QP Marketing Administrative Month January Sales Rent Expenses Salaries Expenses 55,000 2000 3,500 5,000 2,000 February 60,000 2000 4,500 5,000 3,300 March 77,000 2000 5,000 5,000 3,750 April 89,000 2000 6,000 5,000 4,500 May 99,000 2000 5,000 5,000 7,870 Additional information: a) Opening cash balance in January is 100,000 b) Cash sales 50% and the balance in the following month. c) Consultation received RO 7,500 in the month of March. d) Sale of Fixed Assets in the month of April for RO 3,000 e) Purchase of car in February RO 15,000
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