Additional Information: 1. Wages are paid each month of OMR 2000, which are paid in month that they are incurred 2. 40% of the Sales are on credit - and we allow one - month credit period - and 60% of The sales for immediate settlement 3. Half of the Purchases are on credit - and 1 month credit period - and half are for immediate settlement 4. The balance at the bank as at 31st December 2019 was OMR 8000 What will be the Closing balance of cash on March, 2020? Select one: a. None of the options b. OMR 6800 c. OMR 6900 d. OMR 6200
Additional Information: 1. Wages are paid each month of OMR 2000, which are paid in month that they are incurred 2. 40% of the Sales are on credit - and we allow one - month credit period - and 60% of The sales for immediate settlement 3. Half of the Purchases are on credit - and 1 month credit period - and half are for immediate settlement 4. The balance at the bank as at 31st December 2019 was OMR 8000 What will be the Closing balance of cash on March, 2020? Select one: a. None of the options b. OMR 6800 c. OMR 6900 d. OMR 6200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Additional Information:
1. Wages are paid each month of OMR 2000, which are paid in month that they are incurred
2. 40% of the Sales are on credit - and we allow one - month credit period - and 60% of The sales for immediate settlement
3. Half of the Purchases are on credit - and 1 month credit period - and half are for immediate settlement
4. The balance at the bank as at 31st December 2019 was OMR 8000 What will be the Closing balance of cash on March, 2020? Select one:
a. None of the options
b. OMR 6800
c. OMR 6900
d. OMR 6200
![The following sales are expected/2
over the Four-month period from
December 2019 to Mar 2020
Purchases
Sales
Dec-
OMR 30000 OMR 26000
2019
Jan-
OMR 25000 OMR 30000
2020
Feb-
OMR 24000 OMR 24000
2020
Mar-
OMR 26000 OMR 28000
2020
< o O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F67ebda12-4743-47b6-a418-19bb60d1da3d%2F101f5670-a3fe-4b53-a2fb-b181ab3afc10%2Fd4z009d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following sales are expected/2
over the Four-month period from
December 2019 to Mar 2020
Purchases
Sales
Dec-
OMR 30000 OMR 26000
2019
Jan-
OMR 25000 OMR 30000
2020
Feb-
OMR 24000 OMR 24000
2020
Mar-
OMR 26000 OMR 28000
2020
< o O
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