Question
January $250,000 February $260,000 March. $240,000 April. $230,000 sales are normally 35% cash and 65% credit in any one month. Credit sales are collected 60%
January $250,000
February $260,000
March. $240,000
April. $230,000
sales are normally 35% cash and 65% credit in any one month. Credit sales are collected 60% in the first month and 40% in the second month following sale.
- the balance of accounts receivable on march is expected to be?
* why is the answer $234,000 and how is it calculated
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Environmental Health And Safety Audits A Compendium Of Thoughts And Trends
Authors: Lawrence B. Cahill
2nd Edition
1598889737, 978-1598889734
