What is the october sales on account collected


Problem: Office estimate 25% of monthly sales are cash customers, while the remaining sales are credit. of credit customers 40% pay their accounts in the month of purchase, 60% pay their account the month after the purchase. projected sales are October $700,000, November $650,000, December $500,000. what is the October sales on account collected in November? What is the November sales on account collected in November? What is the November sales on account collected in December? What are the December sales on account collected in December?

 

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Accounting Basics: What is the october sales on account collected
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