Suppose Revathi Ltd expects only cash receipts in October from collections of re

Suppose Revathi Ltd expects only cash receipts in October from collections of receivables. Cash receipts in October are based on anticipated collections of sales that were made in August and September and anticipated sales for October and are projected as shown in The beginning cash balance is INR 67000. Cash disbursements are anticipated as follows:Material purchases (for September)INR 200000Manufacturing labour209000Manufacturing variable overhead104500Fixed manufacturing overhead80000(excluding non-cash items)Fixed selling general and administration45000(excluding non-cash items)Cash payments for capital acquisitions120000(from the capital budget)Payments of short-term borrowings70000Total disbursements for October828500 Table 4.11 Cash receipts in OctobeMonthSales volumeUnit sales pricePercentage collected In OctoberCollections In October On INR)August44000INR 5020440000September50000INR 5030750000October40000INR 505010000002190000Prepare the cash budget for the firm for the month of October.