16.14 Roxanne’s budgeted year-end accounts at 31 December 2012 include a figure for receivables of £23 600. This represents:

£

20% of November sales of £28 000 5 600 60% of December sales of £30 000 18 000 23 600 This calculation is based upon the normal pattern of receipts for the business: 40% of sales on credit are paid for within the same month, and 40% are paid for in the following month, with the remaining 20% paid for in the month after that.
If January 2013 sales are budgeted at £28 000, how much will be included for sales receipts in the cash flow forecast in January 2013?

a) £28 800

b) £23 600

c) £24 000

d) £19 520.