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B Side Productions is a manufacturer of cheap scooters.Actual sales for the quarter just ended are as follows: OctoberNovemberDecember Sales1,600,0002,000,0004,300,000 30% of all sales are
B Side Productions is a manufacturer of cheap scooters.Actual sales for the quarter just ended are as follows:
OctoberNovemberDecember
Sales1,600,0002,000,0004,300,000
30% of all sales are cash sales with the remaining 70% being on credit.Of the credit sales 25% are collected in the month of sale, 60% are collected in the month after the sale and 15% is collected 2 months after the sale.
Calculate the cash collections for the month of December.
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