Credit control, sample assesment 2, task 1.2 g)

Current turnover is 600$ and currently customers pay 60 days after month end.company introducing 2% discount for month 3 if customers pay withing current month. it is expected that 80% will take advantage.
what is cash receipt for month 3?
1month turnover 600,000
2ns - 600,000
3rd - 600,000
What do i miss here?
the answer is 1070400$
what is cash receipt for month 3?
1month turnover 600,000
2ns - 600,000
3rd - 600,000
What do i miss here?
the answer is 1070400$
0
Comments
Curious why are you going through AQ2013 practice assessments if there will be no assessment centres now offering the exam between now and 31 Dec 2017 which is the final deadline for AQ2013 exams?
Re 2013: I have booked the last on 28th...
Thank you very much. I am a bit confused about huge size tasks to read, to solve etc. It even upsets me (the kindest word just because its xmas
Have you finished everything?
On both optional modules (Business Tax and Credit Control) I had enough time to go back over answers and pick over any I felt were poorly answered or needed more work. Its a long exam 2.5 hours but not difficult if you are well prepared.
I got confirmation email on Saturday that I'd completed the Accounting Qualification, all first time passes L2-L4 and I'm not particularly talented in accounts, just put in a lot of effort in a methodical way
Be my mentor. I need your help..
May I disturb you in case of my struggle?
I like math and i am quite ok with it, but I dont like too much talking... so all stories i cut short.
I am sensitive about quality of "our" aat. I find stupid mistakes in their calculations like rounding up or down... etc.
These things reduce my respect... Customer service is unexisting...
Lets be positive - its holiday season.