Question
John has made the following predictions for his business for the first six months of trading to 30 June 2016: Sales in Jan, Feb and
John has made the following predictions for his business for the first six months of trading to 30 June 2016: Sales in Jan, Feb and March = 20,000 per month Sales in Apr, May and June = 35,000 per month Sales will be on one month's credit. The cash received in April will be:
a)40,000.b)20,000.
c)35,000.
d)55,000
John has made the following predictions for his business for the first six months of trading to 30 June 2016: Sales in Jan, Feb and March = 20,000 per month Sales in Apr, May and June = 35,000 per month Sales will be on one month's credit Purchases will be for cash. If goods are sold at a gross profit margin of 40%, and goods are replaced as soon as they are sold, the amount payable to suppliers in March 2016, will be:
a)8,000.b)10,000.
c)12,000.
d)14,000.
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