Posts Tagged ‘caculate’
How do I caculate credit sales?
May 20th, 2010
I am working on this textbook question:
A Ltd’s credit sales are collected as follows:
Month of sale – 50%
1st Month after sale – 30%
2nd Month after sale – 15%
Bad Debts – 5%
Budgeted sales data for Jan-April is:
Jan – £100,000
Feb – £160,000
March – £180,000
April – £120,000
What is the amount creveived in April for credit sales ONLY?
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