Qualification > Commerce
accounts doubts
RTB:
can anyone explain me p1 may/june 2007 q17 , oct/nov 2007 q3 and q4 plzzz , may/june 2008 q4 and may/june 2005 q16.
ez2009:
Write the question which you have doubts in, I'll try to explain them. :)
RTB:
dont u hav da question???
RTB:
if u hav plzz explain me.
lastgift:
A company receives payment for 20 % of its sales in the month of sale, 50 % in the following
month and 30 % two months after the month of sale.
The table shows sales for four months.
$
January 180 000
February 240 000
March 270 000
April 220 000
How much were total cash receipts in April?
A $220 000 B $228 000 C $249 000 D $251 000
If this is the question then the answer is $251 000
Calculation: (220 000*x 20/100) + ( 270 000x 50/100) + ( 240 000x30/100)
Reason : the sales of April were 220 000 and the question says that 20% is received in that month + the 50% for febs sale as specified in the ques + the 30% of feb!
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