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发帖数: 240 | 1 Question CPA-03499 Lecture B3 Topic B 3-04
Jackson Distributors sells to retail stores on credit terms of 2/10, net 30.
Daily sales average 150 units at a price
of $300 each. Assuming that all sales are on credit and 60 percent of
customers take the discount and pay on
Day 10 while the rest of the customers pay on Day 30, the amount of Jackson'
s accounts receivable is:
a. $990,000
b. $900,000
c. $810,000
d. $450,000
Explanation
Choice "c" is correct. $810,000 accounts receivable.
60% 40% 100%
Unit Sales Price $ 300 $ 300 $ 300
Daily Sales Average Units × 90 × 60 × 150
Daily Sales $27,000 $18,000 $ 45,000
Days Outstanding × 10 × 30
270,000 + 540,000 = $810,000
Choices "a", "b", and "d" are incorrect, per the above calculation.
想呀想， 还是不明白，为什么没有用2% discount? | P******e
发帖数: 92 | |
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