Kara Ltd. has the following sales forecasts for the selected three-month period in 2004: Seventy percent of sales are collected in the month of the sale, and the remainder are collected in the following month.
Minimum cash balance is £10,000. Cash can be borrowed in £1,000 increments from the local bank (assume no interest charges) .
How much cash would be collected in September from sales?
Definitions:
Frequency Polygon
A graphical representation of data, showing the frequencies of a set of data points at different intervals, connected by straight lines.
Class Interval
A range of values used in frequency distributions into which data points are grouped for analysis.
Creating
The process of bringing something new into existence or generating original ideas, objects, or productions through imaginative skill.
Process
A series of actions or steps taken to achieve a particular goal or outcome.
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