1) Prepare a Cash Budget for the 3 months ending 30/6/2009, from theinformation given below?Figures in...

1) Prepare a Cash Budget for the 3 months ending 30/6/2009, from theinformation given below?Figures in Rupees)MONTHSSALESMATERIALSWAGESOVERHEADSFebruaryMarchAprilMayJune14000150001600017000180009600900092001000010400300030003200360040000170019002000220023001.The credit terms are:-Sales – 10% sales are on cash, 50% of the credit sales are collected next month andthe balance in the following month.Creditors: Materials – 2 months, Wages ¼th Month, Overheads ½ Month.2.Cash in bank balance on 1/4/2009 is expected to be Rs 6000.3.Plant and Machinery will be installed in February 2009 at a cost of Rs96000. the monthly installments of Rs 2000 is payable from April onwards.4.Dividend at 5 % on preference share capital of Rs 200000 will be paid on1/6/2009.5. Advanceto be received for sale of vehicle in June Rs 9000.6.Dividend from investments amounted to Rs 1000 received in June.7.Income tax paid in June Rs 2000.