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?

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