Delta Limited prepared the following total sales forecast schedule for the first six months of the...

 

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Delta Limited prepared the following total sales forecast schedule for the first six months of the next financial year: February March April June January May R120 000 R140 000 R150 000 R180 000 R160 000 R190 000 - cash sales comprise 40% of total sales. These customers are entitled to a 10% discount. - the remaining sales are on credit and are collected follows: - 40% in the month of sale (these qualify for a 10% discount) - 30% one month after the sale - 20% two months after sale - the remainder is written off as bad debts REQUIRED Total cash sales for 1 January to 31 March amounts to? Delta Limited prepared the following total sales forecast schedule for the first six months of the next financial year: February March April June January May R120 000 R140 000 R150 000 R180 000 R160 000 R190 000 - cash sales comprise 40% of total sales. These customers are entitled to a 10% discount. - the remaining sales are on credit and are collected follows: - 40% in the month of sale (these qualify for a 10% discount) - 30% one month after the sale - 20% two months after sale - the remainder is written off as bad debts REQUIRED Total cash sales for 1 January to 31 March amounts to?

Answer rating: 100% (QA)

To calculate the total cash sales for January to March we need to consider the cash sales fo... View the full answer