document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1203712>Question 1203712</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The following information pertains to SK Traders for the three months ended 30 June 2021:\r<BR>\n" );
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document.write( "		                        Actual	      Budgeted	<BR>\n" );
document.write( "		                        April	   May	        June<BR>\n" );
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document.write( "Sales (20% for cash and 80% on credit)	380,000	 420,000	460,000<BR>\n" );
document.write( "Purchases (10% for cash 90% on credit)	250,000	 300,000	340,000<BR>\n" );
document.write( "Salaries and wages paid	                 50,000	  70,000	 70,000<BR>\n" );
document.write( "Cash expenses	                         28,000	  32,000	 36,000<BR>\n" );
document.write( "Depreciation	                         2,000	   2,000	  2,000\r<BR>\n" );
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document.write( "•	It is expected that debtors will settle their accounts as follows: 20% in the month of sale\r<BR>\n" );
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document.write( "70% in the month after the month of sale, and 5% in the second month after the month of sale\r<BR>\n" );
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document.write( "•	The remaining 5% is usually written off as bad debts.\r<BR>\n" );
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document.write( "•	Trade creditors are paid in the month after the purchases at a discount of 5%.\r<BR>\n" );
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document.write( "•	50% of the salaries and wages are weekly wages. Because wages are paid weekly, usually 10% of the wages are paid in the month following the month in which they were incurred.\r<BR>\n" );
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document.write( "•	Expenses are paid as they arise.\r<BR>\n" );
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document.write( "•	The favorable bank balance on 1 May was R20 000.\r<BR>\n" );
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document.write( "Required:\r<BR>\n" );
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document.write( "Prepare the Cash Budget of SK Traders for June and July 2021.<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #839501 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52781)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=839501\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "This deeply Financial/Accounting problem is not for this forum, which is intended to help students in Math.\r<BR>\n" );
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document.write( "To go to this forum with such questions is the same<BR>\n" );
document.write( "as to go to a dentist to treat a cancer.\r<BR>\n" );
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document.write( "Find another, more appropriate forum/web-site for it.\r<BR>\n" );
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