X Document View Additional example Cheaple Flights IFTY! ; Led Is a low cast airline . Cash forecasts needs to be prepared an a quarterly blasts to...
Is this solution correct?
why on May(1 month(45%))the figure is R225000 not R247500?
On june(1 month(45%))the figure is R247500 not R258750? Again on April(2month(20%))the figure is R90000 not R100000?...likewise on May and June(2month(20%))?
help on this please?confused
XDocument ViewAdditional exampleCheaple Flights IFTY! ; Led Is a low cast airline . Cash forecasts needs to be prepared an a quarterly blasts to determine whether the airline has sufficient cash onhand to fund the daily operations or whether they need to obtain short term finance ."The following information has been extracted from the airline's records :"Monthly sales forecasts for the second quarter of 200` are :AprilR.500 01010May15.50 000June$2.575 000JulyRGOO OOOActual Sales For February and March were as Follows :`February1:450 002\\00 0 015 :4March70146 at sales are on credit terms , while 303's are for cash , 45%' of total sales are collected in the first month following the month of sale . 2096 of total sales*are collected In the second month, following the sale _ 5% of sales are never collected .`Material purchases in Each month are Equal to 25%/} of the following month's Forecast sales and are payable one month after purchase*Labour costs are Equal to 35%'6 Of the Following month's Forecast sales and are payable in the month of production ."Distribution costs of R.SO Odd are paid in the month incurred .*Depreciation expenses amount to $.25 090 per month .\The cash balance at 31 March ZO08 amounted to FIZZ and overdraft .solutionCash budget for April - JUNE*Cash inflowisAprilMayJune1.502 18:5 501 0.0012.575 0 0 0Collections[ash ( 30195 )RIES, JULYR.1 7 2 50 01 month 14535 )2725 0`$247 50^2 month 1 2035 )R. 50 090RIDD OOD100 0DOTOTAL collectionsR:YES OODRE:450 DODR.520 DODLash OutflowsDirect material 125%'6)|R125 000R. 137 50.0R.1 43 750Direct labour (3546)F:192 50.0R. Z[1 250R 210 010 0Distribution costs1. 50 000$ 50 01002. 50.000DepreciationR.367 50.0R.3.E.B. 750$:403 750_ash budgetOpening balance*22 50 0 )$8 750Cash inflows*465 0005. 20 000Cash outflow367 50.0^1:403 750)Closing balance1: 2750.0)7:4. 7501195 0.01QUESTIONS
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