contestada

The sales for​ October, November and December are​ $20,000, $22,000 and​ $28,000, respectively. For any particular month of​ sales, the following percentages are received over time in​ cash: 40% in cash from that same month of​ sales; 40% in cash from the previous​ month's sales;​ and, 20% in cash from the sales from two months ago. What amount of cash will be received during​ December?

Respuesta :

hyderali230

Answer:

$24,000

Explanation:

Cash from credit sales is collected with passage of time. Some amount is collected with the sale and some after the sale period. The cash collection for the current month may include the collection against the prior periods sales.  

Cash Collection Schedule is prepared in an MS Excel File which is attached with this answer, Please find it.

Ver imagen hyderali230

Otras preguntas