Question
Below are the estimated sales for Natasha Shop. Estimated Sales October November December $92,000 $106,000 $87,000 Credit sales are normally 30 per cent of total
Below are the estimated sales for Natasha Shop.
Estimated Sales
October
November
December
$92,000
$106,000
$87,000
Credit sales are normally 30 per cent of total sales; 60 per cent are collected in the month of sales, and the remainder are collected in the following month. What is the cash collection for October?
0 a.
$75,600
0 b.
$80,960
0 c. $64,400
d. $16,560|
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
