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    skumar1st's Avatar
    skumar1st Posts: 4, Reputation: 1
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    #1

    Jan 8, 2014, 02:31 AM
    Find out the cash balance with the firm in the sale account
    A company sell product worth USD 100,000 every month. 20 percent of the sale is made on cash, 40 percent on net 30 and the remaining 40 percent on net 60. If the sale begins in Jan, find out the cash balance with the company in the sale account during Jan, Feb and Mar.
    tharratt41's Avatar
    tharratt41 Posts: 10, Reputation: 1
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    #2

    Jan 8, 2014, 04:28 AM
    60,000 in jan 160,000 in feb an 220,000 in march
    skumar1st's Avatar
    skumar1st Posts: 4, Reputation: 1
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    #3

    Jan 11, 2014, 11:59 PM
    Thanks, Is anyone can solved with details? Highly appreciated for this help.
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