Question
Actual sales in Novu Novu Hair Co. were: June P30,000 July P50,000 August P70,000 Sales in September are expected to be P60,000 Terms of collection:
Actual sales in Novu Novu Hair Co. were:
June P30,000
July P50,000
August P70,000
Sales in September are expected to be P60,000
Terms of collection:
30% of a month's sales are collected in the month of sales
50% in the first month after sale
15% in the second month after sale
Determine the cash receipts of Novu Novu Hair Co. for September.
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
978-0324663853
