(a)[2]
Explain the meaning of a master budget.
(b)[4]
Prepare a production budget for each of the four months running from January to April 2017.
(c)[10]
Prepare a cash budget covering each of the three months from January to March 2017.
(d)[6]
Analyse the alternatives available to Sunil for avoiding a bank overdraft.
(e)[3]
Advise Sunil whether he should apply for a loan instead of keeping an overdraft. Justify your answer.