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0,000. The co 20% of its me sales, 75% are le and the rema

0,000. The co 20% of its me sales, 75% are le and the rema

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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3. Mala-Prohibita Company has a balance of P299,000 in its account receivable on January 1, 2019. Budgeted sales for January are P860,000. The company's sales manager projected to sell 20% of its merchandise for cash while that of the remaining sales, 75% are expected to be collected in the month of sale and the remainder on the following month. A bank loan is also expected to be credited to the company's account in the month of January amounting P150,000. Determine the January cash collections from sales?
Transcribed Image Text:3. Mala-Prohibita Company has a balance of P299,000 in its account receivable on January 1, 2019. Budgeted sales for January are P860,000. The company's sales manager projected to sell 20% of its merchandise for cash while that of the remaining sales, 75% are expected to be collected in the month of sale and the remainder on the following month. A bank loan is also expected to be credited to the company's account in the month of January amounting P150,000. Determine the January cash collections from sales?
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