Following information compute the collection

Reference no: EM131038896

From the following information, compute the collection from Debtors for the month of June, July and August:

20% of sales are made in cash. Debtors are allowed a 2-month credit. They will receive 5% discount on sale if they pay off their dues within 1 month from the date of sale. About four-fifth of the Debtors normally clear their dues to avail the Cash Discount, but the remaining Debtors pay on the due date only.

Reference no: EM131038896

Questions Cloud

Explain what will happen to the price : Explain what will happen to the price, the marginal cost of rice, and the quantity produced if the government sets a production quota of 2,000 bags a week. Draw a graph and explain your answers.

The general journal and the ledger accounts : What difficulties could arise if no cross-indexing existed between the general journal and the ledger accounts

Hazards of going off the end : What are the hazards of "going off the end" of a list, an array, or a string. What are some strategies I could use to prevent this from happening, or to detect it?

Why would a lessor provide direct-financing to a lessee : What are the advantages and disadvantages of leasing versus buying or leasing versus selling?

Following information compute the collection : From the following information, compute the collection from Debtors for the month of June, July and August:

What are the criteria for recording contingencies : Why is it important to classify a portion of long-term debt on a yearly basis as a current liability?

Explain in your own words how the stai is scored : A student score 35 on the Trait and 55 on State subscale of the STAI. Interpret these scores with reference to your answer to Q3 above. What does the difference between State and Trait scores mean?

What is the protocol overhead : a) What is the protocol overhead (stated as a percentage)? b) Perform the same calculation, this time assuming that both clients are using IPv6.

Why is there more than one method of depreciation : How and why would you account for the impairment of intangible assets?

User Account

All Pages