Having trouble getting month after and two months after please show work so I can learn if possible!
WORKING NOTES: | ||||||
SCHEDULE OF THE CASH RECEIPT FOR THE MONTH OF JAN , FEB, MAR AND TOTAL | ||||||
PARTICULARS | Nov | Dec | Jan | Feb | Mar | |
Sales | $ 1,10,000 | $ 1,15,000 | $ 1,50,000 | $ 1,25,000 | $ 1,95,000 | |
Cash Sales 30% (A) | $ 33,000 | $ 34,500 | $ 45,000 | $ 37,500 | $ 58,500 | |
Net Amount receivalbe from credit sales | $ 77,000 | $ 80,500 | $ 1,05,000 | $ 87,500 | $ 1,36,500 | |
25% in month of Sales | $ 19,250 | $ 20,125 | $ 26,250 | $ 21,875 | $ 34,125 | |
50% in 1 month of after Sales | $ 38,500 | $ 40,250 | $ 52,500 | $ 43,750 | ||
24% 2 month after Sales | $ 18,480 | $ 19,320 | $ 25,200 | |||
1 % will not be collected | $ - | $ - | $ - | |||
$ 1,29,980 | $ 1,31,195 | $ 1,61,575 | ||||
SOLUTION: | ||||||
SCHEDULE OF THE CASH RECEIPT FOR THE MONTH OF JAN , FEB, MAR AND TOTAL | ||||||
JANUARY | FEBRUARY | MARCH | ||||
Cash Sales | $ 45,000 | $ 37,500 | $ 58,500 | |||
Collection of credit Sales | ||||||
25% month of Sales | $ 26,250 | $ 21,875 | $ 34,125 | |||
50% Month After | $ 40,250 | $ 52,500 | $ 43,750 | |||
20% Two month After | $ 18,480 | $ 19,320 | $ 25,200 | |||
Total Cash Collection | $ 1,29,980 | $ 1,31,195 | $ 1,61,575 | |||
Having trouble getting month after and two months after please show work so I can learn if possible! Bentfield Corporat...
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experienced the following collec aber Corporation Learning was found that bectve 3) t all my en moet wee s , while the we es of the creates the 25% received in the month of the sale 50% received in the month after the sale 18% received two months after the sale 7% of the credit sales are never received November sales for last year were $85,000, while December sales were $120,000. Projected sales for the next three months was follows....