Question: Hatch Enterprises uses the cost recovery method for all installment sales. Complete the following table. 2012 2013 2014 Installment sales $92,000 $103,000 62,830 74,750 36%

Hatch Enterprises uses the cost recovery method for all installment sales. Complete the following table.

2012 2013 2014 Installment sales $92,000 $103,000 62,830 74,750 36% 35% Cash collections: 48,300 2012 sales. ...__ _ . 2013 sales. 2014 sales... 27,200 12,200 36,600 43,450 Realized gross profit on installment sales.. 19,250

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2012 2013 2014 Installment sales 92000 103000 115000 Cost of installment sales 58880 62830 74750 Gro... View full answer

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