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Determine the total credit collections

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Reference no: EM132600036

Falcon Ltd is compiling its cash budget for the months of October, November, December and January. The company had sales of R1600 000 in August and R2000 000 in September. Sales for the following four months are expected to be as follows:

October                 November               December             January

R 1 400 000              R 1 900 000        R 2 800 000         R 600 000

  • 30% of the company's sales are cash and the remainder is on credit.
  • 60% of sales are collected one month after the month of sale.
  • 10% of sales are collected two months after the month of sale.

Question 1: Determine the total credit collections that the company will make in December. (The total amount collected from past credit sales in December in other words.)

A. R140 000

B. R1 140 000

C. R1 280 000

D. R2 560 000

Reference no: EM132600036

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