Budgeting q's-HELP!!

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stuartander
stuartander Registered Posts: 82 Regular contributor ⭐
Hey, I have cba tomorrow and im stuck on this one!!

Credit Sales

June- 100k
July- 150k
Aug- 130k

I need to work out whats expected to be recived in Sept, if:

60% Pay in the month after sale,
20% pay in the second month after sale,
20% pay in the third month after sale.

Also the customers that pay in the month after sale recieve a 2% discount...

What do you get??
Mine is

60%- 76440 (including the 2% discount)
20% -30,000
20%-26,000
Total- 132440

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  • SandyHood
    SandyHood Registered, Moderator Posts: 2,034 mod
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    I got £126,440

    where you got 20%-26,000 I made 20% of 100k = £20,000
    Sandy
    sandy@sandyhood.com
    www.sandyhood.com
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