Question: I need the correct answer= It need to prepare an estimate fo Cash Position in respect of three months from April to June 2021. --------------
I need the correct answer= It need to prepare an estimate fo Cash Position in respect of three months from April to June 2021.
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Unilever is a British-Dutch transnational consumer goods company co-headquartered in London, England, and Rotterdam, Netherlands. Unilever is the largest producer of soap in the world. Unilever is one of the oldest multinational companies; its products are available in around 190 countries. The company is expecting to have OMR 28,000 cash in hand on 1st April 2022 and it requires you to prepare an estimate of Cash Position in respect of three months from April to June 2021, from the information given below: Additional Information: a) 30% of Purchases are cash, Period of credit allowed by suppliers is of one month. b) Period of credit allowed to customer for credit sale is of two months. c) Delay in payment of wages is of one month. d) Plant purchased OMR 20,000 is to be paid in May 2022. e) Commission to be received OMR 8,000 in June 2022
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