(Solved): The following information is available for Maple Limited: - The bank balance at 1 August 2022 was ...

The following information is available for Maple Limited: - The bank balance at 1 August 2022 was \( £ 22,000 \). - Sales are \( 70 \% \) cash and \( 30 \% \) credit. Cash from credit sales is received in the month after the sale. - Purchases are paid for; \( 0 \% \) in the month of purchase, \( 60 \% \) in the month following purchase, \( 40 \% \) one month later. - Overheads are paid in the current month. - Depreciation of \( £ 2,000 \) per month is included in overheads. Required a) Prepare the cash budget for Maple Limited for the 3 months ending 31 October \( 2022 . \) [18 marks] b) Explain what is meant by 'sensitivity analysis' and explain what sensitivity analysis you would carry out on the cash budget of Maple Limited.