Tutorial 2 1. Beetlemania Corporation has projected its sales for the first eight months of year 2019 as follows: Month Projected sales (RM) January 100,000 February 120,000 March 150,000 April 300,000 May 275,000 June 200,000 July 220,000 August 180,000 It collects 20 percent of its sales in the month of sale, 50 percent in the month following the sale and the remaining 30 percent two month following the sale. During November and December 2018, the company's sales were RM250,000 and RM180,000. On March and September (twice per year) RM200,000 of dividends from investments are expected to received. The company purchases raw material two months in advance of its sales equal to 60 percent of its final sales. Payments to supplier are made in the month of purchases. Fixed expenses are rent RM100,000 per month with wages and salaries of RM22,500 per month. A new fixed asset will be purchased in February, 2019 for RM34,600. The asset will be depreciated by RM31,000 per year. RM3,000 interest will be paid in February, 2019. Tax prepayment od RM9.000 are made in March, 2019. The company's cash balance as of December, 2018 was RM35,000 and minimum cash balance of RM20,000 must be maintained at all times. Interest on accumulated loan is at 12 percent annual interest and is paid for every month. Prepare financial planning for the first quarter of year 2019 taking into consideration the above information