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Month Sales $ Month Sales $ Jan 45,000 July 48,915 Feb 44,557 Aug 25,515 Mar 25,515 Sep 45,000 Apr 48,915 Oct 25,515 May 45,000 Nov

Month Sales $ Month Sales $
Jan 45,000 July 48,915
Feb 44,557 Aug 25,515
Mar 25,515 Sep 45,000
Apr 48,915 Oct 25,515
May 45,000 Nov 44,557
June 44,557 Dec 48,915

Sales are collected as follows:

In the month of Sales: 41% In the next month: 25% After 2 months: 8% 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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