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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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