You are employed as the cost accountant of Supreme Technologies (Pty) Ltd and your company operates warehouses in all provinces of South Africa. Management expects the next three months from January to March 2020 to demand some unusual cash flows. A cash balance of R 120 750 is currently on hand. 1. Sales for December 2019: R 1450 400 2. Total sales forecasts are: January 2020 R 680 000 February 2020 R 950 000 March 2020 R 800 200 April 2020 R 892 800 3.50% of all sales are on credit. All debtors pay in the month following the month of sales 4. The cost of goods sold averages 75% of sales. Inventory purchased during each month averages the cost of sales for the following month. The creditor payment period averages 15 days and goods are purchased consistently over the month. 5. Operating expenses are projected as follows: Salaries and wages at 12% of sales paid in the month of the sale. April 2020 R 892 800 3.50% of all sales are on credit. All debtors pay in the month following the month of sales 4. The cost of goods sold averages 75% of sales. Inventory purchased during each month averages the cost of sales for the following month. The creditor payment period averages 15 days and goods are purchased consistently over the month. 5. Operating expenses are projected as follows: Salaries and wages at 12% of sales paid in the month of the sale. Other expenses at an average of 10% of sales are paid in the month of the sale. Cash receipts expected from repayment of a loan to an employee of R22320 due in March 2020 Repayment of a short-term loan of R 11 160 is due in March 2020. Repayments of long-term loans are due at R 14 880 each in January and March 2020. . A new refrigerator was purchased for R 178 560 and four payments of R50640 each are due in February, March, April and May 2020. Depreciation on all equipment is written off at a rate of R25 000 per month. . Interest income from an investment of R16 228 per month is expected. A bonus of R230 300 is due to staff in January 2020. The company must pay tax to SARS in March 2020, R64080 Please Note: you will need to prepare a schedule of budgeted receipts of Prime Technologies (Pty) Ltd for the months of January, February, and March 2020 before attempting to answer the questions below: Question 27 Calculate the total receipts for January 2020 O AR 1 465 200 O B.R 1 165 200 O C.R 1365 200 O D.R 1065 200 Question 28 How much is the credit sales for February 2020 O A.R275 000 O B.R 475 000 O C.R 675 000 O D.R 875 000 Question 29 Calculate the total receipts for February 2020 O A.R 815 000 B. R 415 000 O C. R 615 000 O D.R215 000 Question 30 1 What was the difference between the total receipts in January and the total receipts in February 2020? O AR 550 200 O B.R 450 200 C.R750 200 O DR250 200