Functional Budget

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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