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The actual sales for Dynamic Duo Limited for October 2020 and the forecasted sales for...

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Accounting

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The actual sales for Dynamic Duo Limited for October 2020 and the forecasted sales for November and December 2020 and January February and March 2021 are as follows October November December January 2021 February 2021 March 2021 2020 2020 2020 700 000 720 000 750 000 780 000 800 000 820 000 in the past 80% of all sales were on credit and Dynamic Duo Limited expect this trend to continue in the future. The company expects an average of 596 bad debts Cash is received from credit sales as fotos 40 % in the first month following sale 30 % in the second month following sale 25% in the third month following sale Complete the following table showing the receivables collection schedule for January 2021 (No Rand signs, no spaces, no cents, no negative signs, no blanks - use of no cash inflows Recevables collection schedule for January 2021 October 2020 November 2020 Sales December 2020 es Samry 2021 Sales February 2021 sales 2021 TOTAL CASH RECEIVABLE

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