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Kay's hardware Ltd's budget monthly sales for january to june 2016 are given below.about 70% of the monthly sales are expected to be on credit.
Kay's hardware Ltd's budget monthly sales for january to june 2016 are given below.about 70% of the monthly sales are expected to be on credit. Approximately 60% of the credit sales are collected in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale; 5% are never collected and are written off. The budgeted gross sales including GST of 10% by month are;
January $115000
February 162000
March 139000
April 125,000
May 150,000
June 130,000
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