Moqomo Limited manufactures and sells one type of a household bin. The company is preparing budgets for the fourth quarter of 2021 and has gathered the following information to assist in the budget preparation: (a) The marketing department estimates that sales for the next three months will be as follows: Units October 2 250 November 2 500 December 2 750 7 The selling price of the bin is R250 per unit. (b) 50% of the sales are on credit. Credit sales are expected to be collected as follows: > 25% in the month of sale, 75% in the month following the month sale. The accounts receivable on 01 October 2021 in respect of sales during September will be R350 000. (c) The company normally maintains finished goods inventories equal to 750 units. The closing inventory at the end of September is expected to be equal to 450 units, but it will normalise in October