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At the end of December 2021, Zara decides that she wants to go on staycation to Port Dickson at the beginning of July 2022. She has savings of RM250, but will need RM500 by the end of June to be able to afford this holiday. Her allowance is RM700 each month and she predicts that her monthly cash expenditure will be as follows): Bus Ticket for semester break are RM320 per annum, buy twice a year in April and October. Rent is RM200 per month, payable monthly at the start of each month. Water bill is RM180 per quarter, payable at the end of each quarter. Bus ticket to collage is estimated at RM50 per month, payable each ● ● month. Insurance is RM10 per month, payable each month, with extra premiums due for payment: RM30 in February and £120 in April. Electricity bill is RM120 per month, payable monthly. Food is estimated at RM150 per month, payable monthly. The holiday will cost RM500 and falls due for payment in June. By using cash flow forecast statement, predict whether Zara may be able to go for her holiday or not. Calculate her cash in hand at the end of month June.) ● At the end of December 2021, Zara decides that she wants to go on staycation to Port Dickson at the beginning of July 2022. She has savings of RM250, but will need RM500 by the end of June to be able to afford this holiday. Her allowance is RM700 each month and she predicts that her monthly cash expenditure will be as follows): Bus Ticket for semester break are RM320 per annum, buy twice a year in April and October. Rent is RM200 per month, payable monthly at the start of each month. Water bill is RM180 per quarter, payable at the end of each quarter. Bus ticket to collage is estimated at RM50 per month, payable each ● ● month. Insurance is RM10 per month, payable each month, with extra premiums due for payment: RM30 in February and £120 in April. Electricity bill is RM120 per month, payable monthly. Food is estimated at RM150 per month, payable monthly. The holiday will cost RM500 and falls due for payment in June. By using cash flow forecast statement, predict whether Zara may be able to go for her holiday or not. Calculate her cash in hand at the end of month June.) ●

Answer rating: 100% (QA)

JANJUNE Opening Balance Allowance Received7006 Total ReceiptA 250 4200 4450 ... View the full answer