Company has the following sales 2,000 in ary, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% A month after sales: 50% 2 months after sales: 30% - How much is total receipts from sales? Feb Jan Mar Apr May Total Units Sold Sales in Pesos Collection months sales Collection months sales Collection from two months sales 12, 500 P1,250,000 P250,000 from current from previous P150,000 P84,000 Total Collections from Sales 40,000 P926,000
Company has the following sales 2,000 in ary, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% A month after sales: 50% 2 months after sales: 30% - How much is total receipts from sales? Feb Jan Mar Apr May Total Units Sold Sales in Pesos Collection months sales Collection months sales Collection from two months sales 12, 500 P1,250,000 P250,000 from current from previous P150,000 P84,000 Total Collections from Sales 40,000 P926,000
Chapter7: Budgeting
Section: Chapter Questions
Problem 14EA: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is...
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