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June 04, 2024, 06:52:36 am

Author Topic: Compak 2009 Exam confusion  (Read 494 times)  Share 

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lnaa19

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Compak 2009 Exam confusion
« on: November 09, 2011, 06:20:54 pm »
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Balance as per Debtors Control account   $10 800 - Sep. 30
During the quarter: 70% of Debtors usually pay in the quarter of the sale, with 30% paying the following quarter. No bad debts are expected. Peter offers a 5% discount if debtors pay within 14 days. He estimates this will equal $2640 for the quarter.
Calculate the debtors control balance for the quarter ending Dec. 31.

The answer's $36160 but I keep getting $35560. Help me!