Question 8

The Company has the following sales budget for the last six months of 2022:

July $206,000 October $181,000

August 168,000 November 203,000

September 209,000 December 185,000

Sales are immediately due, however the cash collection of sales, historically, has been as follows:

55% of sales collected in the month of sale,

35% of sales collected in the month following the sale,

7% of sales collected in the second month following the sale, and

3% of sales are uncollectible.

Calculate cash collections for September.

Instructions: Input your answer without using a dollar sign, comma or cents. For example, if your answer is 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00)