FORMULAS ON INSTALLMENT SALES 1.

Installment Sales Less: Cost of Installment Sales Deferred Gross Profit Before Adjustment P XXX XXX PXXX

OR Installment Sales x Gross Profit Rate = Deferred Gross Profit Before Adjustment 2. Installment A/R x Gross Profit Rate = Deferred Gross Profit After Adjustment / Deferred Gross Profit, end OR Installment Sales Collection = Installment Accounts Receivable x Gross Profit Rate = Deferred Gross Profit After Adjustment / Deferred Gross Profit, end Or Installment Sales Collection = Installment Accounts Receivable Accounts Written Off x Gross Profit Rate = Deferred Gross Profit After Adjustment / Deferred Gross Profit, end
3. Deferred Gross Profit before adjustment Less: Deferred Gross Profit After Adjustment / Deferred Gross Profit, end Realized Gross Profit PXXX XXX PXXX

OR Installment Sales Less: Installment Accounts Receiva Collection Multiply by Gross Profit Rate Realized Gross Profit PXXX XXX PXXX % PXXX