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Matang Lawins budgeted sales for the coming year are P48000000 of which 80 are expected to be credit sales at a terms of n30 Matang Lawin estimates that a proposed relaxation of credit standards

Matang-Lawin’s budgeted sales for the coming year are P48,000,000 of which 80% are expected to be credit sales at a terms of n/30. Matang-Lawin estimates that a proposed relaxation of credit standards would increase credit sales by 30 percent and increase the average collection period from 30 days to 45 days. Based on a 360-day year, the proposed relaxation of credit standards would result in an expected increase in the accounts receivable balance of
A. P3,440,000            C. P3,040,000
B. P1,440,000            D. P960,000 

Jun 20 2021 View more View Less

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