Your company sells BBQ's. For the month of June total sales are forecast at $150000, with 30 % sold for cash, 55 % sold with customers immediately paying using credit cards, and the remaining units sold on credit with the customer paying cash one month later. Credit card card companies typically charge transaction fees of 2.59% to your organization Calculate June and July's net cash receipts originating from the June sale of BBQ's. Question 12 options: June $125438 July $125438 June $125438 July $22500 June $125363 July $22,500 June $125363 July 23508 none of the listed answers are correct

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Your company sells BBQ's. For the month of June total sales
are forecast at $150000, with 30 % sold for cash, 55 %
sold with customers immediately paying using credit cards,
and the remaining units sold on credit with the customer
paying cash one month later. Credit card card companies
typically charge transaction fees of 2.59% to your
organization
Calculate June and July's net cash receipts originating from
the June sale of BBQ's.
Question 12 options:
June $125438 July $125438
June $125438 July $22500
June $125363 July $22,500
June $125363 July 23508
none of the listed answers are correct
Transcribed Image Text:Your company sells BBQ's. For the month of June total sales are forecast at $150000, with 30 % sold for cash, 55 % sold with customers immediately paying using credit cards, and the remaining units sold on credit with the customer paying cash one month later. Credit card card companies typically charge transaction fees of 2.59% to your organization Calculate June and July's net cash receipts originating from the June sale of BBQ's. Question 12 options: June $125438 July $125438 June $125438 July $22500 June $125363 July $22,500 June $125363 July 23508 none of the listed answers are correct
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