Solution-What will total receipts from debtors at the end

What will total receipts from debtors at the end of april

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Reference no: EM132644782

Credit sales of Somdaka Traders for the first half of 2020 are expected to be as follows:

Month 2016 Budgeted credit sales (ZMW)

Jan 50 000

Feb 60 000

Mar 70 000

Apr 65 000

May 58 000

Jun 45 000

Debtors are expected to pay their debts as follows:

70% in the month following the month of sale

20% in the second month following the month of sale

7% in the third month following the month of sale

3% is written off as irrecoverable

Problem 1: What will the total receipts from debtors at the end of April 2016 be?

A. 45 500

B. 60 250

C. 63 700

D. 64 500

E. None of the above

Reference no: EM132644782

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What will total receipts from debtors at the end of april

Reference no: EM132644782

Reference no: EM132644782

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