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A company has given the sales details for the first half of the year as follows: Ksh. 000 January 160,000 February 230,000 March 284,000 April
A company has given the sales details for the first half of the year as follows:
| Ksh. 000 |
January | 160,000 |
February | 230,000 |
March | 284,000 |
April | 330,000 |
May | 290,000 |
June | 370,000 |
20% of sales are for cash and the balance is on credit. Of the credit sales, 30% is collected in the month of sale; 60% one month later; 8%, two months later and the balance is unrecoverable and therefore written off as bad debts.
Required:
Calculate the debtors collection (in ksh.000) for the month of June.
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