Shirley has made the following predictions for her business for the first six months of trading to 30 June:
Sales in Jan, Feb and March = £30,000 per month.
Sales in Apr, May and June = £45,000 per month.
Sales will be on one month's credit.
Purchases will be for cash.
If goods are sold at a gross profit margin of 33.33%, and goods are replaced as soon as they are sold, the amount payable to suppliers in March, will be:

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The Answer of Shirley has made the following predictions for her business for the first six months of trading to 30 June:
Sales in Jan, Feb and March = £30,000 per month.
Sales in Apr, May and June = £45,000 per month.
Sales will be on one month's credit.
Purchases will be for cash.
If goods are sold at a gross profit margin of 33.33%, and goods are replaced as soon as they are sold, the amount payable to suppliers in March, will be:

Shirley Has Made the Following Predictions for Her Business for the First