Q.1.2 Total budgeted purchases for Yellow Limited for the next few months are expected (9) to be as follows: Month Budge

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Q 1 2 Total Budgeted Purchases For Yellow Limited For The Next Few Months Are Expected 9 To Be As Follows Month Budge 1 (355.61 KiB) Viewed 11 times

Q.1.2 Total budgeted purchases for Yellow Limited for the next few months are expected (9) to be as follows: Month Budgeted total purchases July 2019 R160 000 August 2019 R188 000 September 2019 R175 000 Additional information: June 2019 total purchases was R190 000. Creditors are expected to be paid as follows: 0 60% in the first month following the month of the purchase (i.e. 30 days); 40% in the second month following the month of the purchase (i.e. 60 days). 70% of Yellow Limited's total purchases are on credit. Required: Set up a creditor's schedule for August and September 2019, for Yellow Ltd to be able to budget what they need to pay to creditors during these months. Show all workings.