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4. Jarul plans to borrow from the bank to have cash ready as needed, but...

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4. Jarul plans to borrow from the bank to have cash ready as needed, but first she needs forecast of just how much she must borrow. Accordingly, she has asked you to prepare cash budget. Sales are made on a credit basis with the credit term of 2/10 net 40 only. Collections within the month of sale, 20%. These are discount sale. Collections, the month following the sale, 70%, Collections the second month following the sale, 10%. Her purchases must be paid for during the following month. Jarul pays herself a salary of Tk 7,500 per month, and the rent is Tk. 5000 per month. In addition, she must make a tax payment of Tk. 12,000 in March. The current cash on hand is Tk.8,600, but Jurul has agrood to maintain an average bank balance of Tk. 15,000. The estimated sales and purchases for part of 2011 and 2012 are shown below. Month Sales Purchases November 2011 Tk. 15,000 Tk, 125,000 December 2011 160,000 65,000 January 2012 120,000 42,000 February 2012 90,000 100,000 March 2012 120,000 90,000 Prepare a cash budget for the first quarter of 2012 for farul

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