Fill in the missing amounts in the following schedules. Half of each month’s sales are on account. March sales amounted to $189,000. 60% of credit sales is collected in the month of sale; 40% is collected in the following month.
April May June
Sales $268,000 $201,000 $303,600
Cash receipts:
From cash sales $134,000 $100,500 $151,800
From sales on account 113,900
Total cash receipts $214,400
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Ответ:
Instructions are below.
Explanation:
Giving the following information:
March:
Sales on account= 189,000*0.5= 94,500
April May June
Sales $268,000 $201,000 $303,600
Cash collection April:
From cash sales= 268,000*0.5= 134,000
From sales on account= (94,500*0.4) + (134,000*0.6)= 118,200
Total cash receopt= 252,200
Cash collection May:
From cash sales= 201,000*0.5= 100,500
From sales on account= (134,000*0.4) + (100,500*0.6)= 113,900
Total cash receopt= 214,400
Cash collection June:
From cash sales= 303,600*0.5= 151,800
From sales on account= (100,500*0.4) + (151,800*0.6)= 131,280
Total cash receopt= 283,080
Ответ:
no
Step-by-step explanation:
free