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Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale, 30% was collected the month after
Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale, 30% was collected the month after the sale, and 10% was collected the second month after the sale.
Given the following sales, how much cash will be collected in January and February?
Nov. | Dec. | Jan. | Feb. |
$23,000 | $36,000 | $18,000 | $26,000 |
Jan. | Feb. | |
Cash collected | $ | $ |
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