When Your Silence Is Loud.. and Your Eyes Speaking Volumes.. Calculate the value of credit sales.

A. N484 000
B. N448000
C. N584 000
D. N558 000

Correct Answer:

Option B – N448000

Explanation

credit sales = 160% x 280,000 (cash receivable)

160/100 x 280,000

1.6 x 280,000 = 448,000

credit sales = 448,000