September/ December 2015 exam

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June 25, 2016 at 2:17 pm #324069
Anuja Nair
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For question 3 on ZXC Co,

For part (a) In the answer key, the part where it states the trade receivables not taking discount, why they didn’t multiply the current credit sales of 24m ? Instead they multiplied 28.8m .
June 25, 2016 at 6:24 pm #324085
John Moffat
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Because the last line of the first paragraph in the question says that credit sales will increase by 20% if they give the discount.
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