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ABC Company has the following projected sales: Month Sales June $162 July $8,551 August $16,821 September $26,923 26% of the sales are collected in the
ABC Company has the following projected sales:
Month | Sales |
June | $162 |
July | $8,551 |
August | $16,821 |
September | $26,923 |
26% of the sales are collected in the same month. 10% of the sales are collected after one month, 9% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the September collections?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.
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