The forecasted sales for January 2020 are R300 000....
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Accounting
The forecasted sales for January 2020 are R300 000. All sales are on credit. A discount of 5% is given if payment is made in the month of sale. Cash is received from credit sales as follow 605 in the month of sale 305 in the first month following sale 10% in the second month following sale The amount to be received in March 2020 from the January sales is calculated as: OaR30 000 Ob R180 000 R300 000 Od R90 000 De R171 000
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