1. NORYATI ABDUL MAJID (PTM 120700623)
NORSYAZA EDMIZA NORASLAM MANO
(PTM 120700453)
NUR FIQAH
2. I) 400,000 x 18%
= 72,000
II) 525,000 x 60%
= 315,000
III) 600,000 x 20%
= 120,000
December (RM) Total (RM)
Cash Sales 83,000 83,000
October Sales (I) 72,000 72,000
November Sales (II) 315,000 315,000
December Sales (III) 120,000 120,000
Total Cash Collections 590,000 590,000
3. December Total (RM)
Account Payable 161,000 161,000
December
Purchase
280,000 x 30%
84,000
84,000
Total 245,000 245,000
4. (a) The cash balance on December 1st is RM 40,000
(b) The total cash collections of the company (from
schedule of cash collections): December
RM590,000
(c) Direct materials purchased (from schedule of
cash payments): December RM245,000
(d) Selling and administration expenses: RM
430,000
(e) A new web server for the Marketing department
costing: RM 76,000 and Dividends totalling RM
9,000 will be paid during the month.
(f) The company maintains a minimum cash
balance of RM 20,000.
5. December Total (RM)
Cash balance, beginning
(a)
40,000 400,000
Add receipts :
Collection from customers
(b)
590,000 590,000
Total cash available 630,000 630,000
Less disbursement:
Direct material ( c ) 245,000 245,000
Selling and Administrative
(d)
430,000 430,000
Purchase a new web (e) 76,000 76,000
Dividend (e) 9,000 9,000
Total disbursement 760,000 760,000
Excess (deficiency) of cash
available
(130,000) (130,000)
