A company has prepared the following projections for a year 2021 The data for the 2020 is given below  Sales 21000 units Selling Price per unit RO.40 Variable Costs per unit RO.25 Total Costs per unit RO.35 Credit period allowed One Month. For the year 2021 company proposes to increase the  credit period allowed to its customers from one month to two month. It is expected that due to change in policy as above will increase the sales by 8 % Calculate the closing receivable for the year 2021

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A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…