QUESTION 2 Dash Ltd had actual sales in November of R XXXXXXXXXXand projected sales in December and January of R XXXXXXXXXXand R XXXXXXXXXXrespectively. 10% of sales are collected during the month of...

QUESTION 2

Dash Ltd had actual sales in November of R100 000 and projected sales in December and January of R300 000 and R400 000 respectively. 10% of sales are collected during the month of sale, 40% are collected in the month following the month of sale and the balance is collected two months following the sale. The firm’s total expected receipts in January are ...

1. 
   

   R 70 000.

   
   


2. 
   

   R108 000.

   
   


3. 
   

   R210 000.

   
   


4. 
   

   R610 000.