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QUESTION FOUR [20] The following figures are available for PJ Mania (Pty) Ltd: 2. 40% of all sales are for cash. 3. 35% of all
QUESTION FOUR [20] The following figures are available for PJ Mania (Pty) Ltd: 2. 40% of all sales are for cash. 3. 35% of all purchases are for cash. 4. Collection from debtors are as follows: 20% is collected in the month of the sale and 2% discount is granted on these collections. 60% is collected in the month following the month of sale. 15% is collected in the second month following the month of sale. The remaining 5% is written off as a bad debt. 4.1. Prepare the debtors' collection schedule for April and May 2022. 4.2. Prepare the cash budget for April and May 2022
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