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Two second-hand vans due for delivery in September and October will be paid for in...

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Accounting

Two second-hand vans due for delivery in September and October will be paid for in March and June at a cost of 16,000, and 21,000, respectively.
Kerrys remaining 20,000 were used as following; Kerry paid 15,000 for materials used in production in December. The initial round of press adverts costs 5,000 was paid in December.
Business premises costs. Business rates are to be paid monthly; the cost is 500 per month. However, from April the business rates will increase by 20%.
Other expenses. Kerry estimates that a total of 28,860 in other expenses will be paid each month. The other expenses will increase to 30,500 from May onwards.
No other cash inflows or outflows are expected in the 6 months to 30 June 2020.
At 31 December 2019 the business has a bank overdraft of 13,050. It is permitted a maximum overdraft at any one time of 20,000.
Required:
Prepare a cash flow forecast for the 6 months to 30 June 2020, noting the maximum forecast overdraft.
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