Ben makes only credit sales. 75% is received within 30days and the remaining 25% within 60days. If Ben makes £20,000 sale in March and a £25,000 sale in April, how much will he receive in May? a.£25,000 b.£18,750 c. £23,750 d.£31,250

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Ben makes only credit sales. 75% is received within 30days and the remaining 25% within 60days. If Ben
makes £20,000 sale in March and a £25,000 sale in April, how much will he receive in May?
a. £25,000
Ob.£18,750
c. £23,750
d.£31,250
Transcribed Image Text:Ben makes only credit sales. 75% is received within 30days and the remaining 25% within 60days. If Ben makes £20,000 sale in March and a £25,000 sale in April, how much will he receive in May? a. £25,000 Ob.£18,750 c. £23,750 d.£31,250
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