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In early 1991, there was a sharp increase in the price of newsprint, the paper used by the newspapers. Since newsprint is the largest expense for India newspapers (after salaries) publishers were concerned about the price hike. Suppose that the demand for newsprint can be represented as follows:
Qi = 17-3 -- 0-0092 p +0-0067
Where Q. equals the quantity demanded (in kilograms per capital), P is the price of newsprint (in Rs. per metric ton) and I is the income per capita (in Rs.),

A company making for stock in the first quarter of the year 2017 is assisted by its bankers with overdraft accommodation. The following are the relevant budget figures:
Sale (Cr.)
Rs.
Purchases (Cr.)
Rs.
Wages &Expenses
(Cr.) Rs.
November 2016
1,20,000
83,000
10,000
December 2016
1,28,000
96,000
10,000
January 2017
72,000
1,62,000
11,000
February 2017 1,16,000 1,64,000 10,000
March 2017 84,000 40,000 12,000
Given the following further information you are required to prepare a Cash
Budget for the quarter January to March 2017, showing the budgeted amount of
bank facilities required, if any, in each month end:
a) Budgeted cash at bank on 1st January 2017 Rs. 20,000
b) Credit terms of sales are payment by the end of the month following the
month of supply. On average one half of sale are paid on due date, while the
other half are paid during the next month. Creditors are paid during the
month following the month of supply.
c) Wages and expenses are paid twice a month on 1st and 16th respectively.
From the above information prepare a Cash
Budget for the quarter January to March 2017,
showing the budgeted amount of bank facilities
required, if any, in each month end.
10 10
Q.