Question
Company makes 80% of sales on credit and 20% for cash. 50% of the credit sales is collected in the same month of sales, 30%
Company makes 80% of sales on credit and 20% for cash. 50% of the credit sales is collected in the same month of sales, 30% in the following month and 20% in the second month following the sale. The following are the amount of sales revenue for 2nd quarter of 2013.
April $5m
May $5.5m
June $6.2m
CALCULATE THE CASH COLLECTION FOR JUNE.
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Management Accounting And Strategic Human Resource Management
Authors: John Innes, Reza Kouhy
1st Edition
1859714862, 978-1859714867
