For a month sales, 17% pay in cash. Of the credit sales, 33% pay in the...
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For a month sales, 17% pay in cash. Of the credit sales, 33% pay in the month of the sale and 31% are collected in the month following the sale. 5 % goes uncollected and the balanced is collected two-months after the sale. July Sales = 88,000 August sales 85, 000 September Sales = 74,000 How much cash should be collected in September? For a month sales, 17% pay in cash. Of the credit sales, 33% pay in the month of the sale and 31% are collected in the month following the sale. 5 % goes uncollected and the balanced is collected two-months after the sale. July Sales = 88,000 August sales 85, 000 September Sales = 74,000 How much cash should be collected in September?
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Answer rating: 100% (QA)
July August September Total sales 88000 85000 74000 Cash sales 17 14960 14... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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