1) Prepare a monthly Cash Budget in tabular form for the months February, March and April, showing the bank balance at each month’s end.
2) Write a 750 word brief essay integrating aspects of the module with at least three external sources to support your position about whether you agree or disagree with the following statement: “Budgeting is a key component in management short and long term planning.”
The following data is available from the various functional budgets prepared at Congo Limited.
January | February | March | April | ||||
$’000 | $’000 | $’000 | $’000 | ||||
Cash sales | 1,500 | 1,850 | 1,620 | 1,400 | |||
Credit sales | 13,800 | 12,500 | 11,100 | 12,900 | |||
Purchase for resale | 7,900 | 8,400 | 7,700 | 5,900 | |||
Salaries and wages | 3,000 | 3,200 | 3,100 | 3,000 | |||
Overhad expenses | 2,500 | 2,850 | 3,200 | 2,730 |
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