Ramboo Trading commenced a new business with the beginning capital of RM40,000 cash in January 2021. The business involves in selling and buying modern furniture. The business owned by En Razak and Pn. Mawariah. The following data and estimates are available. 1. Total budgeted sales for October and November are RM300,000 and RM250,000 while sales for December is expected to be RM30.000 higher than the previous months. 50% from the monthly budgeted sales are from the online individual customer. 2. 30% of the total credit sales will be received at the end of the sales month while the remaining will be received a month after. 70% of total credit sales of September is RM 70,000. 3. The business invests RM40,000 cash in Fixed Deposit in October and expected to received RM5,000 dividend in the last month of the year. 4. Pn. Mawariah will donate RM30,000 to Charity Organization in November 2021 after the company won RM50,000 for Sustainability Business Award last year. 5. In order to produce a unit of modern glass door, the company needs to buy the material amounted RM70 per meter. They need 700 meters per month. All purchases are on credit basis, where 40% will be paid one month after the purchase and the remining will be settled two months after the purchases. 6. The business hires 2 designers and 4 factory workers who are responsible for finishing process. Each designer will be paid RM3,000 fixed salary while total payment for all the factory workers amounted to RM6,000. The salary will be paid in the last week of each month. 7. The expected overhead cost is RM12,000 every month and it includes RM1,500 depreciation expense. It will be paid in the month it incurs. 8. A new equipment costing RM50,000 will be installed and paid in November where RM10,000 deposit was paid in April 2021. 9. A special machinery amounting RM 100,000 is expected to be purchased in October, and to be paid in four equal instalments starting December 2021. 10. The closing balance of cash on the last month of the third quarter is RM24,500. Required: a. Prepare the cash budget of Ramboo Trading for October, November and December of 2021. (17 marks) b. Explain the importance of cash planning dan control.