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Use the Information Below to Answer the Following Questions

Question 62

Multiple Choice

Use the information below to answer the following questions.
Sales in December were $960,000. Projected sales for the first quarter of 2015 are: Use the information below to answer the following questions. Sales in December were $960,000. Projected sales for the first quarter of 2015 are: Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale. -Refer to the table above. What will be the balance of debtors on 1 March? A) $864,000 B) $1,200,000 C) $1,280,000 D) $960,000 Sales are 20% cash and 80% on credit. Debtors pay in the month following the sale.
-Refer to the table above. What will be the balance of debtors on 1 March?


A) $864,000
B) $1,200,000
C) $1,280,000
D) $960,000

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