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A company that sells products by marketing one product and selling it for 35 riyals...

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Accounting

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A company that sells products by marketing one product and selling it for 35 riyals and selling it for 40 riyals. This company planned its sales as follows: The cash balance at the beginning of March included 4,800 riyals. 65% of purchases are paid in the month of purchase, and the remainder is paid in the month following purchase. The company collects its sales as follows: 60% in the same month after a 4.5% discount is granted, 23% in the following month, 14% in the second month after the month of sale, and 3% not collected. Purchases in February: 34,000 riyals, March: 45,000 riyals, and April 50,000 riyals. The monthly marketing cost is estimated at 15% of the planned sales value for the month and is paid in the month in which it occurred. As for the monthly administrative costs, it amounts to 46,000 riyals, including the annual depreciation of 27,000 riyals, and is paid in the month in which it occurred as well. Required: - Preparing the schedule of cash receipts for the months of March and April - Prepare schedule of cash payments for the months of March and April - Preparing the cash budget for the months of March and April

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