Answer: Total cost paid by 56 customer per month = £2345.50
Solution:
Total customers= 56
Cost of basic pay= £24.50
Cost of sports package = £27.50
Cost of movie package = £18
Number of customers subscribing sports package = 21
Number of customers describing movie package = 14+8 = 22
Total of basic pay paid by 56 customers per month= number of customers×Cost of basic pay
= 56×24.5
= £1372
Total of sports package cost paid by 21 costumers = 21×27.50
= 577.50
Total of movie package cost paid by 22 costumers = 22×18
= £396
Total cost paid by 56 customer per month= Total of basic pay paid by 56 customers per month + Total of sports package cost paid by 21 costumers + Total of movie package cost paid by 22 costumers
= 1372.00+577.50+396.00
= £2345.50
The calculations of the budgeted cash collections are shown below:
= June sales × sale month collection percentage + May sales × following month collection percentage + April sales × second following month collection percentage
= $150,000 × 40% + $160,000 × 56% + $150,000 × 4%
= $60,000 + $89,600 + $6,000
= $155,600
Simply we multiplied the sales with the collection criteria
The calculations of the budgeted cash collections are shown below:
= June sales × sale month collection percentage + May sales × following month collection percentage + April sales × second following month collection percentage
= $150,000 × 40% + $160,000 × 56% + $150,000 × 4%
= $60,000 + $89,600 + $6,000
= $155,600
Simply we multiplied the sales with the collection criteria
8
17 321
rating
, where,
to find the amount of interest.
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