BAO 1101 Study Guide - Quiz Guide: Income Statement, Informa
Ques"on Set
Ques"on 1 1 / 1 point
Your budgeted sales are January $20,000, February $40,000 and March
$60,000. Your cash collec"on from sales is: 60% in the month of sale and
40% in the month following sale. Calculate the total amount of cash
collected for March:
$52,000
$36,000
$32,000
none of the op"ons listed
Ques"on 2 1 / 1 point
Total sales for January are $75,000, and 20% of these sales are cash
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sales. If you offered a discount of 10% on cash sales, the discount for
January cash sales would be :
$1,500
$3,000
$4,500
none of the op"ons listed
Ques"on 3 1 / 1 point
Total sales for January are $75,000, and 20% of these are cash sales. If
you offered a discount of 10% on cash sales, how much cash would you
receive in January:
$7,500
$13,500
$15,000
none of the op"ons listed
Ques"on 4 1 / 1 point
Your budgeted sales are January $20,000, February $40,000 and March
$60,000. Your cash collec"on from sales is: 60% in the month of sale and
40% in the month following sale. Calculate the total amount of cash
collected for February:
$12,000
$24,000
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Calculate the total amount of cash collected for march: Total sales for january are ,000, and 20% of these sales are cash sales. If you o ered a discount of 10% on cash sales, the discount for. Total sales for january are ,000, and 20% of these are cash sales. If you o ered a discount of 10% on cash sales, how much cash would you receive in january: Your budgeted sales are january ,000, february ,000 and march. Your cash collec"on from sales is: 60% in the month of sale and. Calculate the total amount of cash collected for february: Which of the following strategies would reduce cash ou? increasing expenditure holding maximum inventory levels making payments before their due date delaying payments un"l due date. Which item does not appear in a budgeted income statement: deprecia"on accumulated deprecia"on salaries adver"sing costs.
