E22 viXVf A B C D E F G H 6 Prepare a Cash Budget for the months of January to March 2019 Your Cash budget should include: 9 1) Cash Receipts Section (6 marks) 10 2) Cash Disbursements Section (10.5 marks) 2) Cash Balance Section (4.5 marks) 12 Sales information for November and December of 2018 and Sales forcast for January to March of $019 are as follows 14 15 November (2018) 170,000 16 December (2018) 195,000 17 January (2019) 175,000 18 February (2019) 180,000 19 March (2019) 195,000 20 Page 1 21 22 23 The following information is also available from the credit manager regarding cash sales and credit sales 24 Cash sales 30% 25 Collect after 30 days 55% 26 Collect after 60 days 15% 27 28 29 Cost of sales are 55% of each month's sales 30 These purchase are paid 30 days after the purchases are made 31 2 Monthly sellling and adminsitrative expenses are as followed: 33 Rent 6.200 34 Salaries 32,000 35 Utilities 2,000 36 Office supplies 1,500 37 38 Other Information: 39 Their will be a purchase of an equipment in Februar $30,000 40 The cash balance on January 1, 2019 is: $27,500 41 Cover Page Cash Budget + 14"C Mostly cloudy O Search