Posts Tagged ‘credit’
How do I caculate credit sales?
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?
Why does Amazon require a marketplace seller’s bank account information in addition to credit card info?
I just listed some textbooks for sale and they need both bank account and credit card information. I was wondering why this is so, since I’ve been told that credit card information is sufficient for receiving funds. Could anybody with seller experience verify if this is safe?