Question: Wangi Sdn Bhd is computer table. This is sales forecast in unit for the next few months in the year 2023; i. Selling price per



Wangi Sdn Bhd is computer table. This is sales forecast in unit for the next few months in the year 2023; i. Selling price per unit is RM200. 40% of monthly sales is cash and the remaining balance is on credit term. The credit sales will be collected 20S in following month, 60% in the second month, and the balance will be in third month. ii. Cash dividend of RM 6,000 will be received in July. iii. Stock cost is 40% of sales price. The stocks are purchased on credit one month in advance of sales. 30% purchases are paid in cash in the month of purchase and another 40% is paid in one month after purchase and the balance will be paid in two month after purchase. iv. Salesmen commission is RMS per unit and it is paid in the month of sales. v. Quarterly tax payment of RM8,000 are due in March and June. vi. Fixed monthly expenses; a. Rent is RM10,000 b. Selling expenses are RM2,000 c. Monthly Depreciation is RM12,000 d. Administration expenses RM9,000 vii. The company has an ending cash balance of RM22,000 in March and wishes to maintain a monthly minimum cash balance of RM10,000. Prepare a cash budget for Wangi Sdn Bhd for the second quarter of 2023
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