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The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the five months ending December 2021 August October December November September R330
The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the five months ending December 2021 August October December November September R330 000 R310 000 R325 000 R340 000 R410 000 0 0. 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 5% is written off as bad debts O Cash receipts for cash sales made for the period August to December will total O A R686 000 O 8.R1 715 000 C. R658 560 OD R1 646 400
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