The following data is provided to you:

Budgeted sales	OMR
August	12,000
September	9,000
October	11,000
November	10,000

The cash sale is 30%. It is estimated that 75% of the credit sales will be received in the next month of sales and the balance in the month after that. The amount of cash received from debtors in the month of November is:

a.

RO 7175

b.

RO 7525

c.

RO 7350

d.

RO 7875

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he following data regarding budgeted purchase of materials is furnished before you

Budgeted Purchase	OMR
March	10,000
April	12,000
May	13,800
June	14,400
July	12,100

The cash purchase is 40%. It is estimated that 60% of the credit purchase will be paid after one month of purchase and the balance on the month after that. The amount of cash paid to creditors in the month of July is:

a.

RO 8496

b.

RO 8424

c.

RO 6480

d.

RO 6720

plz fast just choose

Answer rating: 100% (QA)

Amount received from Debtors in the month of November will include 75 of credit sales of October and 25 of credit sales of September Cash sale is 30 So Credit sale ... View the full answer