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Bupi Ltd expects credit sales of R75 000.00 monthly between January 2021 to June 2021. The firm collects 20% of the credit sales in the
Bupi Ltd expects credit sales of R75 000.00 monthly between January 2021 to June 2021. The firm collects 20% of the credit sales in the month of sale, 50% in the month following the month of sale and 28% in the second month following the month of sale. The remaining 2 % of sales is never collected Compute the expected collection for the months of June 2021 to July 2021 (12)
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