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Ontario Pace Corporation is preparing to set up business on July 1 , 2 0 2 3 and has made the following forecast sales (
Ontario Pace Corporation is preparing to set up business on July and has made the following forecast sales in units for the first six months of trading:July August September October November December You can assume that:i The expected selling price is $ per unit.ii The cash collection pattern from Account Receivable is expected to be: Cash Customers of sales revenue will be for immediate cash and cash discount of will be allowed. Credit Customers of sales revenue will be from credit customers. These receivables will pay their bills in the month after sale and the remaining in the second month after sale.Bad debts amounted to of credit sales.What is the total cash received cash sales and credit sales in the first quarter ie from July to SeptemberYour answer should be in the following format:Sxxxxxxx rounded up to the nearest whole number
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