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Anglo American is currently working on its Cash Budget. The companys sales for the next six months are as follows (all amounts in Rand): JANUARY

Anglo American is currently working on its Cash Budget. The companys sales for the next six months are as follows (all amounts in Rand):

JANUARY : 600 000 FEBRUARY: 700 000 MARCH: 500 000
APRIL: 800 000 MAY: 1000 000 JUNE: 900 000

The financial manager for Anglo American found that 50% of the sales are done in cash and the remainder is on credit.

Credit sales are collected as follows

30% in the first month following the month of sales

50% in the second month following the month of sales

The remainder in the third month following the month of sales

Required:

Calculate the total credit collections from credit sales for April, May and June

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