Prexley Ltd has forecast sales of R480 000 in January, R440 000 in February, R360 000 in
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Prexley Ltd has forecast sales of R480 000 in January, R440 000 in February, R360 000 in March and R400 000 in April. Cash sales comprise 20% of monthly sales. Debtor receivable payments average 70% in the month after sale and the balance in the next month. Calculate the budgeted cash receipts for April resulting from sales.
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To calculate the budgeted cash receipts for April resulting from sales we need to consider the diffe...View the full answer
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Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit
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