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A company normally collects cash from credit customers as follows: 60 percent in the month of sale, 25 percent in the first month after sale,

A company normally collects cash from credit customers as follows: 60 percent in the month of sale, 25 percent in the first month after sale, 13 percent in the second month after sale, and 2 percent are never collected. Sales, all on credit, are expected to be as follows:

December

6,00,000

January

7,00,000

February

5,00,000

March

6,00,000

Calculate the amount of cash expected to be received from customers during (a) February, (b) March.

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