ABC company Bhd provides the following infor mation in respect of its 3 month cash budget for the year 2019 as showr in the table bel ow. • ABC company Bhd currently has a cash balance of RM40,000 and...

Extracted text: ABC company Bhd provides the following infor mation in respect of its 3 month cash budget for the year 2019 as showr in the table bel ow. • ABC company Bhd currently has a cash balance of RM40,000 and intends to maintain a minimum cash balance of RM20,000 each month The company can barrow at the beginring of the month in which the funds are needed to maintain the minimun cash balance and the interest an loan is 24% per year. The interest an out standing loan is paid in the month that follows the month in which the loan is dot ained. You are requir ed to complete the 3-month (Oct ober, Novenber, and Decenber) cash budget table for ABC company. Note: Provide answers ONLY far cdaured baxes A to N Month Oct ober November December 1 Beginning cash balance RM40,000 E J Net Change in cash for the period (RM40,200) RV8,604 RM12,240 3 New financing needed A F K 4 Interest an loan В G L 5 Loan repayment H M 6 Ending cash balance 7 Minimumcash balance (RM20,000) (RM20,000) (RV20,000) 2.