Anusha Berhad’s sales pattern for the first quarter 2021 and projected revenues are as follows: Additional information: i. Historically, Anusha Berhad’s sales were on cash basis. ii. Anusha purchase raw material two month before the sales month and paid in cash equal to 60 percent of its sales. iii. Fixed monthly rent of RM11,000. iv. A depreciation expense is RM400 per month. v. Dividend of RM3,000 will be received at the end of each quarter. vi. Wages and salaries are estimated RM15,000 per month. vii. Anusha decide to repay RM40,000 of their loan on April. viii. Interest on accumulated loan is at 9 percent annual interest and paid in the following month. ix. Ending cash balance for the budget period is RM20,000 and it would like to maintain minimum desired balance of RM20,000 per month. Prepare a monthly cash budget for the first quarter 2021 for Anusha Berhad.
Anusha Berhad’s sales pattern for the first quarter 2021 and projected revenues are as follows:
Additional information:
i. Historically, Anusha Berhad’s sales were on cash basis.
ii. Anusha purchase raw material two month before the sales month and paid in cash equal
to 60 percent of its sales.
iii. Fixed monthly rent of RM11,000.
iv. A
v. Dividend of RM3,000 will be received at the end of each quarter.
vi. Wages and salaries are estimated RM15,000 per month.
vii. Anusha decide to repay RM40,000 of their loan on April.
viii. Interest on accumulated loan is at 9 percent annual interest and paid in the following
month.
ix. Ending cash balance for the budget period is RM20,000 and it would like to maintain
minimum desired balance of RM20,000 per month.
Prepare a monthly
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