Time remaining:
A firm's sales for the month total $30,000. If the ratio of cash to credit sales is 2:3, what do cas

label Mathematics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

A firm's sales for the month total $30,000. If the ratio of cash to credit sales is 2:3, what do cash sales total?

Reset Selection
Oct 16th, 2017

A firm's sales for the month total $30,000. If the ratio of cash to credit sales is 2:3, what do cash sales total?

Answer:

C. $12,000

working notes:

                                              Total sales  =  $30,000

            Ratio of cash and credit sales   =  2 : 3

                        Ratio of  cash sales         =   2 / 5 (cash sales + credit sales  =  2  +  3 = 5)

Therefore cash sales out of total sales  =  Total sales  x  (2 / 5)

                                                                     =  30,000  x  (2 / 5) 

                                                                      =  $12,000

Oct 19th, 2014

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
Oct 16th, 2017
...
Oct 16th, 2017
Oct 17th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer