The following information relates to Rebel a retail business sport equipment.
The table below provides the sales and purchases for the company:
Actual Sales |
Actual Purchases |
|
October 2019 |
$38,000 |
$20,000 |
November 2019 |
$41,000 |
$24,000 |
December 2019 |
$48,500 |
$29,800 |
Budgeted Sales |
Budgeted Purchases |
|
January 2020 |
$54,000 |
$32,000 |
Additional information includes:
Required:
(a) Prepare the Cash Budget for the month of
January 2020.
(b) Explain any two key changes you would make to
the Cash Budget to ensure better cash management in the
company.
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