Company has the following sales 2,000 in ary, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% A month after sales: 50% 2 months after sales: 30% - How much is total receipts from sales? Feb Jan Mar Apr May Total Units Sold Sales in Pesos Collection months sales Collection months sales Collection from two months sales 12, 500 P1,250,000 P250,000 from current from previous P150,000 P84,000 Total Collections from Sales 40,000 P926,000
Company has the following sales 2,000 in ary, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% A month after sales: 50% 2 months after sales: 30% - How much is total receipts from sales? Feb Jan Mar Apr May Total Units Sold Sales in Pesos Collection months sales Collection months sales Collection from two months sales 12, 500 P1,250,000 P250,000 from current from previous P150,000 P84,000 Total Collections from Sales 40,000 P926,000
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
Section: Chapter Questions
Problem 1PS
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![A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April
and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are
expected to be collected as follows:
• Month of sales: 20% • A month after sales: 50% • 2 months after sales: 30%
- How much is total receipts from sales?
Feb
Total
12, 500
P1,250,000
P250,000
Jan
Мar
Apr
May
Units Sold
Sales in Pesos
Collection
from
months sales
current
Collection
months sales
Collection from two months
from
previous
P150,000
P84,000
sales
Total Collections from Sales 40,000
P926,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2ff4d756-06fe-4bf9-9a48-d89e1d61ed11%2Fa4658d95-bf12-4d81-8130-370779b64e18%2F7z94as_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April
and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are
expected to be collected as follows:
• Month of sales: 20% • A month after sales: 50% • 2 months after sales: 30%
- How much is total receipts from sales?
Feb
Total
12, 500
P1,250,000
P250,000
Jan
Мar
Apr
May
Units Sold
Sales in Pesos
Collection
from
months sales
current
Collection
months sales
Collection from two months
from
previous
P150,000
P84,000
sales
Total Collections from Sales 40,000
P926,000
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