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What is the total amound of green installment sales

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Reference no: EM131804637

Question - Green Company, which began operation on January 1, 1990, appropriately uses the installment method of accounting. The following information is available for 1990:

Gross profit on sales 40%

Deferred gross profit at 12/31/90 $240,000

Cash collected, including down payments 450,000

What is the total amound of Green's installment sales for 1990?

a. $600,000

b. $690,000

c. $850,000

d. $1,050,000

Reference no: EM131804637

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