Requirement 1 : | ||||
October | November | December | January | |
Cash sales (30%) | 272400 | 289800 | 321000 | 276000 |
Credit sales (70%) | 635600 | 676200 | 749000 | 644000 |
Total sales | 908000 | 966000 | 1070000 | 920000 |
Requirement 2 : | ||
December | January | |
Cash sales | 321000 | 276000 |
Collection from credit sales : | ||
20% of current month credit sales | 149800 | 128800 |
65% of prior month credit sales | 439530 | 486850 |
12% of credit sales two month ago | 76272 | 81144 |
Total cash collection | 986602 | 972794 |
%E9-31A (similar to) Question Help Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has...
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