Question
Darlas Desks Month Sales Revenue Jan $1,400,000 Feb 1,300,000 March 1,500,000 April 1,800,000 All sales are on credit: The cash collection pattern is as follows:
Darlas Desks
Month Sales Revenue
Jan $1,400,000
Feb 1,300,000
March 1,500,000
April 1,800,000
All sales are on credit:
The cash collection pattern is as follows:
Cash Collections in month of sale 40%
Cash Collections in the month after sale 50%
Cash Collections in the second month after sale 10%.
Required: Calculate the cash collections for April
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The Process Auditing Techniques Guide
Authors: J. P. Russell
1st Edition
0873895959, 978-0873895958
