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Robin Clothing Limited manufactures reusable drinks bottles. Its projected sales for the July. August and September are: Each unit selts for E5. All customers are
Robin Clothing Limited manufactures reusable drinks bottles. Its projected sales for the July. August and September are: Each unit selts for E5. All customers are granted one month's credit. On average the company has a bad debts rate of 2%. It is company policy to have closing stock of finished goods at the end of each month equal to 60% of the projected sales for the noxt month. The budgeted sales receipts for September will be The budgeted production in August will be units
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