Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. living tanks sell tanks and fish and reptiles thro

Living Tanks sell tanks and fish and reptiles throughout Victoria. During March 2022, cash sales...

90.2K

Verified Solution

Question

Accounting

Living Tanks sell tanks and fish and reptiles throughout Victoria. During March 2022, cash sales were $50481 and $41331 were on credit. Credit sales are collected on average 10% later in the month of the sale, 50% in the month after the sale and 40% two months after the sale.
What is the total amount of cash collected in May 2022 based on this information? (Show amount to two decimal places and without, or $ signs) $
Answer:
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

an essay about the digestive system. Your essay should contain some physiology and some appropriate chemistry. It...

Physics
1.2K views

what is the between atoms and molecules? how do compounds and elements differ?

General Management
1.2K views

Describe educators/teachers in a powerful teaching and learning environment

Accounting
1.2K views

Have you had any experience in developing or monitoring a budget, either for your employer or...

Biology
1.2K views

Which of the following is associated with the normal ups and downs of the economy...

Physics
1.2K views

3 2 4 Infinite A person 1 6 m tall is standing at the centre...

Basic Math
1.2K views

Consider the price demand equation given by 8 1 p 5 2 500 Calculate E...

Basic Math
1.2K views

You plant 300 grass seeds in your circular garden. If your garden has a diameter...

Statistics
1.2K views

A normal distribution has a standard deviation of 1 We want to verify a claim...

Accounting
1.2K views

Ourboard Marina exchanged a boat with a cost of $20,000 (now 75% depreciated) for a...

Accounting
1.2K views

Current Attempt in Progress The following three accounts appear in the general ledger of Crane...

Accounting
1.2K views

E-Z Seats manufactures swivel seats for customized vans. It currently manufactures ...