1. Prepare an ageing schedule of receivables for each of the first four months of selling this new product (i.e., August November). Your schedule should analyse the expected receivables outstanding according to customer type. It should also indicate, for each customer type and month, the percentage of total receivables outstanding

   Customer type growth August sales revenue Monthly compound sales revenue (%). credit period ( months)

   Brokers 50 2 1

   Retailers 23 7 2

   Wholesalers 70 5 3