Question
Product P (units) Product Q (units) November 1,500 2,000 December 2,000 3,000 January 1,000 2,000 February 2,000 3,000 March 3,000 4,000 Product P is sold
| Product P (units) | Product Q (units) |
November | 1,500 | 2,000 |
December | 2,000 | 3,000 |
January | 1,000 | 2,000 |
February | 2,000 | 3,000 |
March | 3,000 | 4,000 |
Product P is sold for GH20 per unit and product Q for GH30.
All sales are on credit. Twenty percent of total sales are paid for in the month of sale, and 40% in the following month. The rest, excluding bad debts, are paid at the end of the second month. Bad debts are 20% of total sales and are written off at the end of the second month following sale.
Calculate the cash receipts expected in January, February and March.
NB: Please my deadline is tomorrow morning at 7:00 am GMT. very urgent and this is the few times I am posting questions so do not disappoint me thanks
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