Question 1 [6] The mobile phone franchise industry has adopted a social media marketing strategy. This marketing strategy has an ongoing monitoring plan. Despite project costs, management reported significant increase on sales. The sales figures for the first six months are captured as follows: March: R5 000 000 January: R6 000 000 April: R7 000 000 February: R3 000 000 May: R8 000 000 June: R9 000 000 As part of the strategy to further increase sales, the marketing team proposed that 40% of the sales are done in cash and remainder on credit. Credit sales are collected as follows: 40% is collected in the month of sales . . 40% is collected one month after the month of sales The remainder is collected in the second month following the month of sales Required: Calculate the total credit collections from credit sales for April, May, and June