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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: | ||||
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| December | 6,00,000 | |||
| January | 7,00,000 | |||
| February | 5,00,000 | |||
| March | 6,00,000 | |||
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Calculate the amount of cash expected to be received from customers during (a) February, (b) March. | ||||
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