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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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