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Homework answers / question archive / Wafa Salim traders have provided the following information and you are requested to prepare cash budget for the months from October 2020 to December 2020

Wafa Salim traders have provided the following information and you are requested to prepare cash budget for the months from October 2020 to December 2020

Finance

Wafa Salim traders have provided the following information and you are requested to prepare cash budget for the months from October 2020 to December 2020. (25 marks) Month October November December (Amount OMR) (Amount OMR) (Amount OMR) Sales 30,000 50,000 70,000 Marketing expenses 20,000 30,000 40,000 Office expenses 10,000 10,000 12,000 Salary 5,000 5,000 3,000 Additional information: a) Cash balance at the beginning of October 2020 is RO. 30,000 b) All sales is cash sales c) Marketing expenses are settled in the next month

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Below is the Cash Budget :

Month October November December
Opening Balance of Cash 30000 45000 60000
Sales 30000 50000 70000
Total Cash Available 60000 95000 130000
Cash Disbursement      
Marketing Expenses ** 20000 30000
Office Expenses 10000 10000 12000
Salary 5000 5000 3000
Total Cash Disbursements 15000 35000 45000
       
Closing Cash Balance (Total Cash Available - Total Cash Disbursements) 45000 60000 85000

** As nothing is given about marketing expenses it has not been considered.

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