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[75 marks] This section is based on the information at the end of the paper SECTION A the end of this paper and produce a report on the risks and rewards of the business. Meg pic is a large retailer of electrical products. Examine the data about Meg pic, at At the beginning of 2023, the company will have to repay a loan of $500 million and Your report should include a section summarising any recommendations you make. You are advised to show any substantial calculations (such as the cash budget) in You are not required to provide an abstract, management summary or introduction. You are advised to include citations for any sources other than lecture materials. To prepare the cash budget for 2021 you should assume that the market will be 5% Your report should have a suitable title and may contain the following sections: is prepared to seek a further loan, or issue new shares, if necessary. Introduction to Accounting Your answer must not exceed 1,500 words. Summary of Recommendations Budgetary control report bigger than it was in 2020. Cash budget for 2021 Ratio analysis Refinancing Discussion References QUESTION 1. an Appendix. N1086 APPENDIX N1086 Introduction to Accounting 5:22 & V: 68-1 1 82% Statement of Cash Flows for 2021 Document View Em Em ... Cash flows from operating activities From customers 10,501 Purchases (8,426) Budgetary Control Report for Mag pie Operating expenses (1,529) at the end of 2021 Budget Variance Interest paid Actual (32) fm Em Em Tax paid (60 Sales Revenue 10,426 10,531 105 Fav Dividends paid Cost of Sales (8 204) (8.371 167 Ad (130) Gross Profit 2,222 2.160 62 Adv Net cash from operating activities 324 Depreciation 310 310 0 Other operating expenses 1.566 (1,519) 37 Fan Operating profit 656 631 25 Adv Cash flows from investing activities Interest paid -32 0 Fav Profit before Taxation 624 599 25 Ad Sale of business 40 Taxation S Fav Acquisition of property and equipment (300) Profit for the year 20 Adv Net cash from investing activities (260) Cash flows from financing activities Repayment of borrowings (40) Net cash from financing activities (40) Net increase in cash and cash equivalents 24 Cash and cash equivalents at beginning of year 146 Cash and cash equivalents at end of year 170 N1086 Introduction to Accounting