The following information pertains to Yoyo Projects for the three months ended 31 May 2020: Actual Budgeted March R April R May R Revenue (20% for cash and 80% on credit) 360 000 380 000 400 000...

The following information pertains to Yoyo Projects for the three months ended 31 May 2020:

Additional Information:

1. It is expected that debtors will settle their accounts as follows:
   
   
   
   • 20 % in the month of invoice
   
   
   • 70% in the month after the month of invoice, and
   
   
   • 5% in the second month after the month of invoice
   
   
   • The remaining 5% is usually written off as bad
   
   
   
   


2. Trade creditors are paid in the month after purchase at a discount of 5%.


3. 50% of the salaries and wages are weekly wages. Since wages are paid weekly, usually 10% of the wages are paid in the month following the month in which they were


4. Expenses are paid as they


5. The favourable bank balance on 1 April 2020 was R 21

Required

Prepare the Cash Budget of Yoyo Projects for April and May 2020.