The following quarterly results are expected by XYZ Ltd next year (`in thousands) Debtors at the end of a quarter are one-third of sales for the quarter. The opening balance of debtors is `30,00,000....

The following quarterly results are expected by XYZ Ltd next year (`in thousands)

Debtors at the end of a quarter are one-third of sales for the quarter. The opening balance of debtors is `30,00,000. Cash in hand at the beginning of the year is `6,50,000 and the desired minimum balance is `5,00,000. Borrowings are made in multiples of `10,000 at the beginning of the quarter in which need will occur and are repaid at the end of the quarter. Interest charges may be ignored.. You are required to prepare:

(i) Cash budget by quarters for the year, and

(ii) State the amount of loan outstanding at he end of the year.