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Sales of SEUNGCHEOL Co. for the first 3 months of 2022 are: January – ₱750,000; February – ₱673,800; March – ₱767,450. Sales collection schedule of the company is 60% on the month of sales, 25% next month after sales, and 15% on the second month after sales. How much is the total cash receipts of SEUNGCHEOL Co. in February?   ₱730,310   ₱269,520   ₱591,780   ₱300,000

Sales of SEUNGCHEOL Co. for the first 3 months of 2022 are: January – ₱750,000; February – ₱673,800; March – ₱767,450. Sales collection schedule of the company is 60% on the month of sales, 25% next month after sales, and 15% on the second month after sales. How much is the total cash receipts of SEUNGCHEOL Co. in February?   ₱730,310   ₱269,520   ₱591,780   ₱300,000

Essentials Of Investments
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
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Sales of SEUNGCHEOL Co. for the first 3 months of 2022 are: January – ₱750,000; February – ₱673,800; March – ₱767,450. Sales collection schedule of the company is 60% on the month of sales, 25% next month after sales, and 15% on the second month after sales. How much is the total cash receipts of SEUNGCHEOL Co. in February?

 

  1. ₱730,310

     

  2. ₱269,520

     

  3. ₱591,780

     

  4. ₱300,000

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