Loa Company expects to collect 30% of its credit sales in the month of sale, 50% in
the month following sale, and 18% in the second month following sale. These three
percentages only add up to 98%. What is represented by the other 2% of credit sales?
Give this one a try later!
The 2% of credit sales represents the sales that are never collected in cash.
the month following sale, and 18% in the second month following sale. These three
percentages only add up to 98%. What is represented by the other 2% of credit sales?
Give this one a try later!
The 2% of credit sales represents the sales that are never collected in cash.
