What are Bay city expected cash receipts for June

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Question - Bay city has actual sales of R65 000 in April and R60 000 in May. It expects sales of R70 000 in June and R100 000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following two months, what are Bay city's expected cash receipts for June, July and August? Bay city has actual sales of R65 000 in April and R60 000 in May. It expects sales of R70 000 in June and R100 000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following two months, what are Bay city's expected cash receipts for June, July and August?

Reference no: EM132992429

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