AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000 in March. If 20 % of sa or cash, 40 % are credit sales paid in the month following the sale, and 40 % are credit sales paid 2 months fo he sale, what are the cash receipts from sales in March? A. P30,000 C. P38,000 E. P55,000 D47 400
AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000 in March. If 20 % of sa or cash, 40 % are credit sales paid in the month following the sale, and 40 % are credit sales paid 2 months fo he sale, what are the cash receipts from sales in March? A. P30,000 C. P38,000 E. P55,000 D47 400
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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