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The management of Simply Sweet (SS) Limited requires your assistance to produce a monthly cash budget for the month of January 2019. Additional information: 1. 20% of all sales are done on a cash basis. 2. The company has the following policy about collections from debtors: - 50% of all credit sales are collected in the month of sale. - The rest is collected in two equal instalments in the two months following the month of sale. 3. The inventory requirements for each month must be sufficient to meet 30% of the next month's sales value. - 40% of all purchases is done on a cash basis. - The credit purchases are paid in the month following the month of purchase. 4. Manufacturing overheads amount to R6 000 per month. This includes depreciation of R1 000 . All overheads are settled as they arise. 5. The bank balance on the 31 st of December 2018 was R50 000 (favourable). Required: Prepare a cash budget for Simply Sweets Limited for the month of January 2019. Show all workings. The management of Simply Sweet (SS) Limited requires your assistance to produce a monthly cash budget for the month of January 2019. Additional information: 1. 20% of all sales are done on a cash basis. 2. The company has the following policy about collections from debtors: - 50% of all credit sales are collected in the month of sale. - The rest is collected in two equal instalments in the two months following the month of sale. 3. The inventory requirements for each month must be sufficient to meet 30% of the next month's sales value. - 40% of all purchases is done on a cash basis. - The credit purchases are paid in the month following the month of purchase. 4. Manufacturing overheads amount to R6 000 per month. This includes depreciation of R1 000 . All overheads are settled as they arise. 5. The bank balance on the 31 st of December 2018 was R50000 (favourable). Required: Prepare a cash budget for Simply Sweets Limited for the month of January 2019. Show all workings. The management of Simply Sweet (SS) Limited requires your assistance to produce a monthly cash budget for the month of January 2019. Additional information: 1. 20% of all sales are done on a cash basis. 2. The company has the following policy about collections from debtors: - 50% of all credit sales are collected in the month of sale. - The rest is collected in two equal instalments in the two months following the month of sale. 3. The inventory requirements for each month must be sufficient to meet 30% of the next month's sales value. - 40% of all purchases is done on a cash basis. - The credit purchases are paid in the month following the month of purchase. 4. Manufacturing overheads amount to R6 000 per month. This includes depreciation of R1 000 . All overheads are settled as they arise. 5. The bank balance on the 31 st of December 2018 was R50 000 (favourable). Required: Prepare a cash budget for Simply Sweets Limited for the month of January 2019. Show all workings. The management of Simply Sweet (SS) Limited requires your assistance to produce a monthly cash budget for the month of January 2019. Additional information: 1. 20% of all sales are done on a cash basis. 2. The company has the following policy about collections from debtors: - 50% of all credit sales are collected in the month of sale. - The rest is collected in two equal instalments in the two months following the month of sale. 3. The inventory requirements for each month must be sufficient to meet 30% of the next month's sales value. - 40% of all purchases is done on a cash basis. - The credit purchases are paid in the month following the month of purchase. 4. Manufacturing overheads amount to R6 000 per month. This includes depreciation of R1 000 . All overheads are settled as they arise. 5. The bank balance on the 31 st of December 2018 was R50000 (favourable). Required: Prepare a cash budget for Simply Sweets Limited for the month of January 2019. Show all workings