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Month Sales $ Month Sales $ Jan 42,044 July 43,112 Feb 44,224 Aug 23,256 Mar 23,256 Sep 42,044 Apr 43,112 Oct 23,256 May 42,044 Nov
Month | Sales $ | Month | Sales $ |
Jan | 42,044 | July | 43,112 |
Feb | 44,224 | Aug | 23,256 |
Mar | 23,256 | Sep | 42,044 |
Apr | 43,112 | Oct | 23,256 |
May | 42,044 | Nov | 44,224 |
June | 44,224 | Dec | 43,112 |
Sales are collected as follows:
In the month of Sales: 30% In the next month: 25% After 2 months: 12% Remainder is considered as bad debt and is not collected.
Calculate the cash collection for June.
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