- 20 Marks
Question
The following information was extracted from the books of Homom Nigeria Limited.
| Months | Sales (₦’000) | Materials (₦’000) | Wages (₦’000) | Overheads (₦’000) |
|---|---|---|---|---|
| February | 40,000 | 20,400 | 7,600 | 3,800 |
| March | 42,000 | 20,000 | 7,600 | 4,200 |
| April | 46,000 | 19,600 | 8,000 | 4,600 |
| May | 50,000 | 20,000 | 8,400 | 4,800 |
| June | 60,000 | 21,600 | 9,000 | 5,000 |
Additional details regarding payments, credit sales, machine installation, and dividends are provided.
Required:
Prepare a monthly cash budget for the three months ending June 2022. Show your workings. (20 Marks)
Answer
- Tags: Cash Budget, Machine Installation, Overheads, Sales Collection
- Level: Level 1
- Topic: Basics of Business Finance and Financial Markets
- Series: NOV 2022
- Uploader: Theophilus