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n.dolan

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  • June 24, 2020 at 10:12 am #574600
    035a719dc6e9ec9cde12ed83b174d4c4e139defe9eb0ac9617fbf59c5a8b0f85 80n.dolan
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    Hi,

    Yes, they have multiplied April sales by 95% but only the credit sales that were paid within the 14 days:
    Credit sales: ‘Apr sales 58,000 x 80% x 40% x 95% 17,632’

    However, for the 20% of cash sales, it appears they have simply taken the total cash sales and multiplied it by 20% and have not accounted for the 5% discount.
    Cash sales: ‘April 20% x 58,000 11,600’.

    Thanks

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