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. What is the amount collected in this month?
80,000
48,000
24,000
70,400
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Cornerstones Of Cost Accounting
Authors: Don Hansen, Maryanne M. Mowen
1st Edition
053873678X, 978-0538736787
