Q1. What do you mean by the term Angle of Incidence?
Q2. Below are the budgeted sales of 6 months of Moon Limited, from July 2008 to December 2008:
50% of Sales are on the cash. Debtors are permitted 2 months credit however will receive 5% cash discount if they pay off their dues in the month next to the month of sale.
80% of debtors generally clear their dues at the end of that period to avail themselves of cash discount and the balance 20% pay on due date.
Compute the budgeted collection from debtors for 3 months of October, November and December 2008.