Question
Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and
Total Sales is $80,000 in a month. 30% of this is on Credit. 60% of the credit sales are collected in the same month and 40% are collected next month. In the next month, 10% is declared bad debt. What is the amount collected next month?
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
