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7. If Ezra collects 80% of its credit sales in the month of the sale...

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Question

Accounting

7. If Ezra collects 80% of its credit sales in the month of the sale and 20% in the month after the sale, how much will Ezra collect in March on a $220,000 credit sale in January?

A) $176,000

B) $44,000

C) $88,000

D) none of the above

My answer: none of the above, $0 would be left to collect

Answer & Explanation Solved by verified expert
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