Question: Optus 9:27 AM Question 3: (18 marks) a. Complete the two following tables for Mountain Food Ltd to show estimated cash collections from debtors (accounts

 Optus 9:27 AM Question 3: (18 marks) a. Complete the two

Optus 9:27 AM Question 3: (18 marks) a. Complete the two following tables for Mountain Food Ltd to show estimated cash collections from debtors (accounts receivable) on the following assumptions: (15 marks) i. 60 per cent is collected in the month of the sale. ii. 25 percent is collected in the month following the sale. iii. 12 per cent is collected in the second month following the sale iv. 3 per cent is never collected a. Type your answer in the following table: [Answer here] Month Estimated sales ($) E (mo

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