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please solve both parts urgently...time limit is very short... I'll give you up thumb definitely...

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Accounting

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please solve both parts urgently...time limit is very short... I'll give you up thumb definitely

a) The following are the forecast figures for the next six months of Bradford Franchise company for the years 2022 and 2023 : Notes (1) Franchise payment is made of $10,000 per month (2) 55% of the sales are for cash, 30% is received one month later and the remaining 15% two months later (3) Purchases 70% are for cash and the balance paid one month later (4) Salaries are paid two months later. (5) (a) Rent $2,000 per month paid three monthly in advance, in December, March, June and September of the following year. (b)Overhead includes $10,000 depreciation per month is paid one month later. (c) Tax rebate in March $32,000 and (d) Tax payment in February $17,900. (6) Bought Equipment and the payments will be: January $15,000, February $12,300 and March $19,150. (7) A cash balance of $75,000 is forecast at 1 January 2023 Prepare: Cash Budgets for January, February and March for the year 2023. (13 marks) b) Under what set of conditions will the budgetary system operate optimally? (6 marks)

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