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An extract from a company's 2024 sales budget is as follows: January February March April Kamudi Pty Ltd has the following budgeted sales Credit
An extract from a company's 2024 sales budget is as follows: January February March April Kamudi Pty Ltd has the following budgeted sales Credit sales Cash sales Ten percent (10%) of sales are paid for immediately in cash. Of the credit customers, 30 percent (30%) pay in the month following the sale and are entitled to a one percent (1%) discount. The remaining customers pay two months after the sale is made Required: Calculate the following items and choose the correct answer from the list of options provided The value of sales receipts shown in the company's cash budget for March (rounded) R:70 500 = * The value of sales receipts shown in the company's cash budget for April (rounded) R54600 = * August 320 000 September 300 000 80 000 70 000 Total sales 390 000 Credit sales are collected in the following pattern: 30% in the month of sale. R 380 000 672 000 890 000 705 000 846 000 October 350 000 90 000 440 000 November 60% in the month following the month of sale. The remainder in the second month following the month of sale Required: Calculate the following and choose the correct answer from the options provided Budgeted cash receipts for November R435 000 x Budgeted cash collection in October from September credit sales R180.000 Jagger Company budgeted to sell 200 000 units of finished product in July and anticipate a growth rate in sales of 5% per month. The desired monthly closing inventory in units of finished product is 80% of the following month's budgeted sales. There are 150 000 finished units on 30 June. Required: Calculate the following and choose the correct answer from the options provided the number of units to be produced in August 210 000 units : * the closing inventory in units for September 168 000 units + * 400 000 70 000 470 000 Finish review
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