AFP
CTP · Question #852
(Topic 9) Company Sales Figures: 10% of sales collected in the current month of the sale 45% of sales collected in the month after the sale 30% of sales collected two months after the sale 15% of…
The correct answer is B. $345,000. See the full explanation below for the reasoning.
Question
- (Topic 9)
Company Sales Figures:
10% of sales collected in the current month of the sale 45% of sales collected in the month after the sale 30% of sales collected two months after the sale 15% of sales collected three months after the sale January Sales $300,000 February Sales $250,000 March Sales $400,000 April Sales $450,000 Based on the information above, what is the estimate for the company's April cash flows?
Options
- A$330,000
- B$345,000
- C$1,055,000
- D$1,070,000
How the community answered
(31 responses)- A6% (2)
- B74% (23)
- C16% (5)
- D3% (1)
Community Discussion
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