Solution-How much cash was collected from customers

How much cash was collected from customers

Reference no: EM132773510

Question - Andrew Company sold goods to customers in 2017 at selling price of $1,800,000. 60% of the customers paid on account, and from these, the company collected 80% of amounts owing during 2017. How much cash was collected from customers in 2017?

a) $1,080,000

b) $1,584,000

c) None of the other answers is correct.

d) $864,000

Reference no: EM132773510

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How much cash was collected from customers

Reference no: EM132773510

Reference no: EM132773510

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