credit sales
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
43
Poly products LLC Oman provided the following information for 5 months as below:
Month Sales (OMR.) Wages (OMR.)
August 360,000 24,000
September 384,000 28,000
October 216,000 22,000
November 348,000 20,000
December 252,000 30,000
50% of credit sales are realized in the month following the sales and remaining 50% in the second following. Determine the collection from debtors for the month of October.
a.
OMR 282,000
b.
OMR 372,000
c.
OMR 422,000
d.
OMR 300,000
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