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  3. additional information: 1. 40% of the total sales

Additional information: 1. 40% of the total sales are on credit. 2. The bank balance...

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Accounting

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Additional information: 1. 40% of the total sales are on credit. 2. The bank balance on 1 March 2023 is R18 850 , favourable. 3. The expense items are normally being paid as follows: - raw materials and manufacturing costs: two months after incurred - labour costs: during the month incurred - selling and administrative expenses: one month after incurred 4. An analysis of the receipts from the debtors revealed the following: - 15% during the first month after the month of sale - 50% during the second month after the month of sale - 25% during the third month after the month of sale - 10% is usually irrecoverable 5. Rent receivable amounts to R8500 per month. 6. The purchase of a computer for R10 000, cash is planned for April 2023. REQUIRED: Prepare the cash budgets of Credo Manufacturers for March and April 2023

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