The budgeted transactions of Beacon Limited for the quarter ending 31 December 2021 are as follows: Budgeted total sales amount to R546 000. (25% will be sold during October, 40% during November and the rest during December) 75% of all sales are expected to be on credit. Debtors are expected to pay their debts as follows: 60% in the month following the month of the sale 25% in the second month following the month of the sale 10% in the third month following the month of the sale 5% is written off as irrecoverable Actual total sales for the quarter ending 30 September 2021 were as follows: July R66 000 August R96 000 September R132 000 REQUIRED Prepare a schedule showing the total budgeted amounts which Beacon Limited expects to receive from debtors during each month from 1 October 2021 to 31 December 2021
The budgeted transactions of Beacon Limited for the quarter ending 31 December 2021 are as follows: Budgeted total sales amount to R546 000. (25% will be sold during October, 40% during November and the rest during December) 75% of all sales are expected to be on credit. Debtors are expected to pay their debts as follows: 60% in the month following the month of the sale 25% in the second month following the month of the sale 10% in the third month following the month of the sale 5% is written off as irrecoverable Actual total sales for the quarter ending 30 September 2021 were as follows: July R66 000 August R96 000 September R132 000 REQUIRED Prepare a schedule showing the total budgeted amounts which Beacon Limited expects to receive from debtors during each month from 1 October 2021 to 31 December 2021
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
The budgeted transactions of Beacon Limited for the quarter ending 31 December 2021 are as follows:
- Budgeted total sales amount to R546 000.
(25% will be sold during October, 40% during November and the rest during December)
- 75% of all sales are expected to be on credit.
- Debtors are expected to pay their debts as follows:
- 60% in the month following the month of the sale
- 25% in the second month following the month of the sale
- 10% in the third month following the month of the sale
- 5% is written off as irrecoverable
- Actual total sales for the quarter ending 30 September 2021 were as follows:
- July R66 000
- August R96 000
- September R132 000
REQUIRED
Prepare a schedule showing the total budgeted amounts which Beacon Limited expects to receive from debtors during each month from 1 October 2021 to 31 December 2021
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