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ABC Company has the following projected sales: Month SalesJune$3,800July$8,607August$13,811September $44,823 21% of the sales are collected in the same month. 12% of the sales are
ABC Company has the following projected sales:
Month
SalesJune$3,800July$8,607August$13,811September
$44,823
21% of the sales are collected in the same month.
12% of the sales are collected after onemonth,
20% 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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