Cash receivable from cash and credit sales: (Round the answers for cash sales to the nearest £.) Cash sales Credit sales Total January February March April
Cash receivable from cash and credit sales: (Round the answers for cash sales to the nearest £.) Cash sales Credit sales Total January February March April
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Frambosa Ltd is currently preparing a cash budget for January to April. Its estimated sales figures (£) are as follows:
Cash sales
Credit sales
January
10,526
8,020
Cash sales
Credit sales
Total
February
4,790
11,667
Cash receivable from cash and credit sales:
(Round the answers for cash sales to the nearest £.)
Cash sales are paid for immediately, and customers paying cash are given a 2% discount, but credit sales are invoiced to customers, who normally pay in
the following month. The closing trade receivables (debtors) at 31 December totalled £5,221.
Show the relevant figures for sales to be included in the cash budget for January to April.
January
March
6,783
7,207
February
April
6,816
12,247
March
C...
April](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0270261a-4bbb-4913-a6b0-d5f7c60e38b2%2F43f0005b-3df9-482f-a1df-8f353d356fbf%2Frlwdij_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Frambosa Ltd is currently preparing a cash budget for January to April. Its estimated sales figures (£) are as follows:
Cash sales
Credit sales
January
10,526
8,020
Cash sales
Credit sales
Total
February
4,790
11,667
Cash receivable from cash and credit sales:
(Round the answers for cash sales to the nearest £.)
Cash sales are paid for immediately, and customers paying cash are given a 2% discount, but credit sales are invoiced to customers, who normally pay in
the following month. The closing trade receivables (debtors) at 31 December totalled £5,221.
Show the relevant figures for sales to be included in the cash budget for January to April.
January
March
6,783
7,207
February
April
6,816
12,247
March
C...
April
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