Cash sales and credit sales

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Reference no: EM13917180

Cash sales and credit sales represent 25% and 75% respectively of total sales. Of the credit sales, 60% is collected in the first month after the month of sales and 40% in the second month after the month of sale. For December 31, 2013, accounts receivable balance, 125,000 is collected in January and the remaining 400,000 is collected in February.

Reference no: EM13917180

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Cash sales and credit sales : Cash sales and credit sales represent 25% and 75% respectively of total sales. Of the credit sales, 60% is collected in the first month after the month of sales and 40% in the second month after the month of sale.

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