Treehouse Company anticipates total sales for June and July of $420,000 and $398
ID: 2380512 • Letter: T
Question
Treehouse Company anticipates total sales for June and July of $420,000 and $398,000, respectively. Cash sales are normally 60% of total sales. Of the credit sales, 10% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 20% are collected in the second month. Determine the amount of accounts receivable reported on the company
Treehouse Company anticipates total sales for June and July of $420,000 and $398,000, respectively. Cash sales are normally 60% of total sales. Of the credit sales, 10% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 20% are collected in the second month. Determine the amount of accounts receivable reported on the company
Explanation / Answer
Amount of accounts receivable $ 176,880Related Questions
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