Compile a cash budget Sales for Jan,Feb and March are as follows: Jan-R1000000 Feb-R1500000 Mar-R2000000 Sales for Apr,May,June are expected to be as follows: Apr-R2500000 May-R3000000 June-R3500000 Credit sales are collected as follows: 40% of sales are in cash and the remainder on credit None of the credit sales are collected during the month of sale 20% during the 1st month following the month of sales 30% during the 2nd month followingthe month of sale The remainder is collected during the 3rd month following the month of sale Purchases amount to 50% of the sales value per month.All purchases are on credit and are paid as follows: 70% one month after the purchase took place The remainder 2 months after the sale took place The university incurred expenses due to students vandalizing property.The maintenance costs amounts to R500000 per month. The university had a balance brought down of R4000000 for April. You are required to compile the cash budget and answer the following questions:

caouuli cash sales for June choo the oomea option R1 400 000 the todai credt sales for June choose the comuet option 2, R1 200 000 3 R1 410 000 4. R2 100 000 Question 23 Calculate how much of February's credit sales were collected in May. choose te con t 1 R180 000 R450 000