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?
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
