Question
Problem 3 Actual sales in Novu Novu Hair Co. were: June 30,000 July 50,000 August 70,000 Sales in September are expected to be 60,000 Terms
Problem 3
Actual sales in Novu Novu Hair Co. were:
June 30,000
July 50,000
August 70,000
Sales in September are expected to be 60,000
Terms of collection:
30% of a month's sales are collected in the month of sales
50% in the first month after sale
15% in the second month after sale
Determine the cash receipts of Novu Novu Hair Co. for September.
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
