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    mamadel's Avatar
    mamadel Posts: 2, Reputation: 1
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    #1

    Jun 7, 2012, 05:03 PM
    Accounting problem help
    A company's expected sales for the month of June is $4000. The company expects that 25% the sales will be paid for immediatelty, while 50% will be paid for in the month following the sale, with the remainder paid for two months after.
    Calculate ho much cash will be received from sales each month.
    mamadel's Avatar
    mamadel Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Jun 7, 2012, 05:06 PM
    June 25% of sales $1000 cash sales (based on definition of cash sales)
    Remainder $3000 represents sales on account
    50% July $1500
    50% sept $1500
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #3

    Jun 7, 2012, 06:08 PM
    Answering your own question is the quick way to get an answer
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