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40. Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month
40. Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and 40% are collected next month. In the next month, $4,000 is declared bad debt. What is the amount of Cash Sale this month? O 48,000 O 56,000 0 24,000 O 32,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
