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A company has given the sales details for the first half of the year as follows: Ksh. 000 January 460,000 February 630,000 March 784,000 April
A company has given the sales details for the first half of the year as follows: Ksh. 000 January 460,000 February 630,000 March 784,000 April 930,000 May 1,190,000 June 1,370,000 10% of sales are for cash and the balance is on credit. Of the credit sales, 40% is collected in the month of sale; 50% one month later; 7%, two months later and the balance is unrecoverable and therefore written off as bad debts. Required: Calculate the debtor's collection (in ksh.000) for the month of June. Question 3Answer A. Ksh 1,087,290 B. Ksh 896,292 C. Ksh 1,071,000 D. Ksh 1,233,000
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