Sales of SEUNGCHEOL Co. for the first 3 months of 2022 are: January – ₱750,000; February – ₱673,800; March – ₱767,450. Sales collection schedule of the company is 60% on the month of sales, 25% next month after sales, and 15% on the second month after sales. How much is the total cash receipts of SEUNGCHEOL Co. in February? ₱730,310 ₱269,520 ₱591,780 ₱300,000
Sales of SEUNGCHEOL Co. for the first 3 months of 2022 are: January – ₱750,000; February – ₱673,800; March – ₱767,450. Sales collection schedule of the company is 60% on the month of sales, 25% next month after sales, and 15% on the second month after sales. How much is the total cash receipts of SEUNGCHEOL Co. in February? ₱730,310 ₱269,520 ₱591,780 ₱300,000
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 3MC
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Sales of SEUNGCHEOL Co. for the first 3 months of 2022 are: January – ₱750,000; February – ₱673,800; March – ₱767,450. Sales collection schedule of the company is 60% on the month of sales, 25% next month after sales, and 15% on the second month after sales. How much is the total cash receipts of SEUNGCHEOL Co. in February?
-
₱730,310
-
₱269,520
-
₱591,780
-
₱300,000
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