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please assist with Question 2 above Question 2 Bupi Ltd expects credit sales of R75 000.00 monthly between January 2021 to June 2021. The firm
please assist with Question 2 above
Question 2 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) Question 3 The credit controller of Bupi Ltd has established the following data relating to the business working capital cycle: Description Cash cycle days Raw material delivery to 60 completed goods Completed goods to 30 credit sales Debtors' collection 90 period Credit payment period 40 for raw materials (5) 3.1) Calculate the period for which financing of working capital is required. 3.2) Identify three strategies which the company could use to reduce the period for which financing is required. (6) [11] 2Step by Step Solution
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