Your accounts receivable clerk, Mary Herman, to whom you pay a salary of $1,500 per month, has just purchased a new Buick. You decided to test the accuracy of the accounts receivable balance of $117,000 as shown in the ledger. The following information is available for your first year in business.
(1) Collections from customers $198,000
(2) Merchandise purchased 320,000
(3) Ending merchandise inventory 70,000
(4) Goods are marked to sell at 40% above cost
Compute an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made on account.
Answer:
cost of goods sold:320,000-70,000=250,000
total sales:250000*1.4=350000
3500000-198000=152,000
152,000-117,000=35,000 (more than enough to buy a Buick)
從total sales到最後我不是很了解
尤其題目中(4)是在表達什麼???