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Month Sales $ Month Sales $ Jan 35,210 July 31,932 Feb 17,462 Aug 37,355 Mar 37,355 Sep 35,210 Apr 31,932 Oct 37,355 May 35,210 Nov
Month | Sales $ | Month | Sales $ |
Jan | 35,210 | July | 31,932 |
Feb | 17,462 | Aug | 37,355 |
Mar | 37,355 | Sep | 35,210 |
Apr | 31,932 | Oct | 37,355 |
May | 35,210 | Nov | 17,462 |
June | 17,462 | Dec | 31,932 |
Sales are collected as follows:
In the month of Sales: 41% In the next month: 29% After 2 months: 5% Remainder is considered as bad debt and is not collected.
Calculate the cash collection for June.
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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