VCAA q2.2.2

[davyp3]

http://www.vcaa.vic.edu.au/vce/studies/account/pastexams/2007/2007accnt2.pdf

How do they get that sales figure?


No idea

Help please

[_avO]

the facts:

previous period (2007) actual sales were $500,000
in 2008, sales were projected to increase by 10%
500000 + 10% = 550000
50% of sales were made in cash, thus 50% of sales are made on credit
credit sales (or sales in the ledger) = 50% x 500,000 = $275,000

hope this makes sense

[davyp3]

haha

i know why i didnt get this question. Stupid checkpoints wrote Cash sales will be 50% of credit sales, where as the actual exam had 'Cash Sales will be 50% of total sales.'

thanks mate

[sam.utute]

haha

i know why i didnt get this question. Stupid checkpoints wrote Cash sales will be 50% of credit sales, where as the actual exam had 'Cash Sales will be 50% of total sales.'

thanks mate

Think you're better off doing just practice exams. Checkpoints is literally riddled with mistakes, so there's really no point in even attempting their stupid questions. My teacher's complained to Cambridge about it.