Ivanka Trump after moving to P

Ivanka Trump after moving to Pakisatan and has purchase PC hotelKarachi in November 2020 and renamed it Ivayana. The hotel is a 5star luxury hotel consisting of 100 single rooms 70 double roomsand 40 Suites. The average night stay in a single room costs Rs8000. Double bed cost Rs 19000 and suite costs Rs 35000. On average70 single rooms, 60 double rooms and 35 suites are occupied.Besides, there are 4 ball rooms. The ball rooms are alwaysavailable for booking but they only get booked on Saturdays andSundays. Each ball room has capacity of 300 people and rentalcharged for each booking is RS 130,000. 10 Rooms in each categoryare paid by credit card. The payment is received a week later. 50%amount related to ball room are received in same month and 50% innext month. The rental charge for ball rooms was Rs 100,000 in2020. The charge for rooms has not changes since last year and haveremained same. The hotel is charged local tax of Rs 5000 each weekwhich is paid in the same month. The hotel has a staff of 150people. 30 kitchen staff which receive 18% of the amount receivedagaints the bill charged for the meals. On average the kitchenstaff receive 90 orders for meal with the average billing of Rs8000 per meal. the amount of meals billed is immediately collectedand the kitchen staff is paid in the 1^st week of nextmonth. The room service and the janitorial satff are 40 which arepaid Rs 18000/month at last day of same month. 10 is the num ofother lower staff for misc services and they are paid 15000/monthat last day of same month. The remainig 20 are the senior executivestaff, their remuniration details are not shared. The hotel ispowered by solar panels and the, its maintenance is outsourced to acompany solarex, they charge Rs 200,000 quarterly, which is paid in2 installments. 50% is paid in the 1^st month of quarterand the rest is paid in the last month of quarter. The opening cashin hand was Rs 100,000.

Prepare Cash budget for the 1^st quarter of 2021.              (PLO 2.1, CLO1)                               13 marks

Hint: Consider reviewing the actual calendar for 2021.