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

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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