Question

****PLEASE ANSWER ALL SUB-QUESTIONS AND EXPLAIN STEP BY STEP, PLEASE INCLUDE NOMENCLATURE FOR ALL FORMULAE USED.THANK YOU FOR THE QUESTION FOUR [20] The following information pertains to Orange Traders for three months ended 31 May 2022 Actual March R 360 000 Budgeted April May R R 380 000 400 000 Sales (20% for cash and 80% on credit) Purchases (10% for cash 90% on credit) Salaries and wages paid Cash expenses Depreciation 240 000 280 000 320 000 40 000 24 000 2 000 60 000 28 000 2 000 60000 32 000 2 000 Additional Information: 1It is expected that debtors will settle their accounts as follows: 20% in the month of sale 70 %in the month after the month of sale,and 5% in the second month after the month of sale 2) The remaining 5% is usually written off as bad debts 3) Trade creditors are paid in the month after the purchases at a discount of 5% 450% 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 5)Expenses are paid as they arise 6 The favourable bank balance on 1 April 2018 was R 21 000 Required: Prepare the Cash Budget of Orange Traders for April and May 2022.Show all workings.(20)

          ****PLEASE ANSWER ALL SUB-QUESTIONS AND EXPLAIN STEP BY STEP, PLEASE
INCLUDE NOMENCLATURE FOR ALL FORMULAE USED.THANK YOU FOR THE
QUESTION FOUR
[20]
The following information pertains to Orange Traders for three months ended 31 May 2022
Actual March R 360 000
Budgeted April May R R 380 000 400 000
Sales (20% for cash and 80% on credit) Purchases (10% for cash 90% on credit) Salaries and wages paid Cash expenses Depreciation
240 000
280 000
320 000
40 000 24 000 2 000
60 000 28 000 2 000
60000 32 000 2 000
Additional Information:
1It is expected that debtors will settle their accounts as follows:
20% in the month of sale
70 %in the month after the month of sale,and
5% in the second month after the month of sale
2) The remaining 5% is usually written off as bad debts
3) Trade creditors are paid in the month after the purchases at a discount of 5%
450% 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
5)Expenses are paid as they arise
6 The favourable bank balance on 1 April 2018 was R 21 000
Required:
Prepare the Cash Budget of Orange Traders for April and May 2022.Show all workings.(20)

please answer all sub questions and explain step by step please include nomenclature for all formulae usedthank you for the question four 20 the following information pertains to orange trad 97861

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