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Your company sells BBQ's. For the month of June total sales are forecast at $150,000 with 20% sold for cash, 65% sold with customers immediately
Your company sells BBQ's. For the month of June total sales are forecast at $150,000 with 20% sold for cash, 65% sold with customers immediately paying using credit cards, and the remaining units sold on credit with the customer paying cash one month later. Credit card card companies typically charge transaction fees of 2.5% to your organization Calculate June and July's net cash receipts originating from the June sale of BBQ's. June $129,938 July $22,500 June $147,563 July $147,563 June $125.063 July $22,500 June $147,563 July $125,063
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