Question 3 Siyabonga, a financial analyst for Vital Sports, has prepared the sales for the company....

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Question 3 Siyabonga, a financial analyst for Vital Sports, has prepared the sales for the company. Assume it is now 31 December 2021 and actual sales for November and December as well as estimates for January and February 2022 are given below. Month November December January February Sales are collected as follows: 60% of sales are for cash. 30% are collected one month after the sale. Remaining 10% are collected two months after the sale. Expenses represent 60% of sales and are paid as follows: 40% of expenses are paid in cash. 50% are paid one month after incurring the expense. Remaining 10% are two months after incurring the expense. . Sales 400 000 500 000 380 000 460 000 Opening bank balance for January is expected to be R1 000 Required: (Marks: 25) Cash inflows. Cash outflows. Cash balance at the end of February. Remember to show all your workings. Using the information above, calculate the forecasted total cash receipts and total (25) cash disbursements for January and February 2022. Clearly showing: Question 3 Siyabonga, a financial analyst for Vital Sports, has prepared the sales for the company. Assume it is now 31 December 2021 and actual sales for November and December as well as estimates for January and February 2022 are given below. Month November December January February Sales are collected as follows: 60% of sales are for cash. 30% are collected one month after the sale. Remaining 10% are collected two months after the sale. Expenses represent 60% of sales and are paid as follows: 40% of expenses are paid in cash. 50% are paid one month after incurring the expense. Remaining 10% are two months after incurring the expense. . Sales 400 000 500 000 380 000 460 000 Opening bank balance for January is expected to be R1 000 Required: (Marks: 25) Cash inflows. Cash outflows. Cash balance at the end of February. Remember to show all your workings. Using the information above, calculate the forecasted total cash receipts and total (25) cash disbursements for January and February 2022. Clearly showing:

Answer rating: 100% (QA)

To calculate the forecasted total cash receipts and total cash disbursements for January and February 2022 we need to consider the following 1 Sales November 60 of R380000 R228000 cash R102000 one mon... View the full answer