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The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the five months ending December 2021 September October November December August R320
The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the five months ending December 2021 September October November December August R320 000 R315 000 R325 000 R340 000 R410 000 Additional Information: Cash sales comprise 40% of total sales. These customers are entitles to a 4% discount Credit sales are collected as follows: 40% in the month of sale - these customers get a 2% discount 55% in the month after the sale o 5% is written off as bad debts The discount allowed for credit sales made in September will amount to
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