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Can you help me calculate the total cash collections for the month of January and February in the year 2020? These are the numbers: Total
Can you help me calculate the total cash collections for the month of January and February in the year 2020?
These are the numbers:
Total Sales (January) - $78,625
Total Sales (February) - $157,250
Percentage of sales collected during the month - 49%
Percentage of sales collected after one month - 33%
Percentage of sales collected after two months - 15%
November 2019 Sales - $1,170,000
December 2019 Sales - $1,800,000
Accounts Receivable (Ending 2019) - $1,098,899
Inflation Rate in 2020 - 3%
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