ACDC Pty Ltd needs a capital budget for the month of September 2019. The subjoined notification is profitable:
July August September
Cash sales $5,000 $5,250 $6,500
Credit sales 25,000 30,000 35,000
Total sales 30,000 35,250 41,500
Credit sales are calm poise a three-month time in the agreement of 60 percent, 30 percent, 9 percent, after a while 1 percent uncollectible.
Prepare a capital budget for the month of September showing your supported calculations and appellation. Indicate in the financing exception any borrowing that accomplish be requisite during the month.
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