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All of Thomas' Sales are on credit. The credit sales are collected as follows: Percent paid in month of sale Percent paid in first month
All of Thomas' Sales are on credit. The credit sales are collected as follows: Percent paid in month of sale Percent paid in first month after the sale Percent paid ion second month after sale Percent paid in third month after sale The sales for the period under investigation are: $400,000 $700,000 .$$800,000 50% $1,000,000 $1,400,000 $800,000 $900,000 $500,000 25% 15% 10% January February March April May June July August How much cash will Thomas receive in June for February sales?
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