A-LevelAccountingAnalysis and communication of accounting information9706/12 · May/June 2011 · Q291 Mark
A company's sales are made evenly over a year (360 days). 10% of the sales are for cash, debtors total $26 700 and the trade receivables turnover period is 30 days. What are the total sales (cash and credit) for the year?
A$320 400
B$356 000
C$801 000
D$890 000
✓ Correct answer
B: $356 000
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