Homework Answers
| Required a : | |
| Revenues | |
| April ( 75 * 240 ) | 18000 |
| May ( 45 * 240 ) | 10800 |
| June ( 30 * 240 ) | 7200 |
| July ( 60 * 240 ) | 14400 |
| August ( 75 * 240 ) | 18000 |
| September ( 165 * 240 ) | 39600 |
| Required b : | ||||
| April | May | June | July | |
| Cash collection : | ||||
|
Two months before the occasions ( 20% ) |
1440 [ 20%*7200 ] |
2880 [ 20%*14400 ] |
3600 [ 20%*18000 ] |
7920 [ 20%*39600 ] |
|
Month before ( 50% ) |
5400 [ 50%*10800 ] |
3600 [ 50%*7200 ] |
7200 [ 50%*14400 ] |
9000 [ 50%*18000 ] |
|
In the same month ( 30% ) |
5400 [ 30%*18000 ] |
3240 [ 30%*10800 ] |
2160 [ 30%*7200 ] |
4320 [ 30%*14400 ] |
| Expected cash receipts | 12240 | 9720 | 12960 | 21240 |
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