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Question3 1 pts The Rand Company, like most companies, makes a majority of its sales on accounts and collects the cash after the fact. Sales
Question3 1 pts The Rand Company, like most companies, makes a majority of its sales on accounts and collects the cash after the fact. Sales for Rand are typically 10% cash on delivery, 30% on account and collected in the month they are made, 40% on account and collected in the month after the sale, 15% on account and collected 2 months after the sale, with the remaining 5% of sales being ultimately bad debt. Forth quarter sales data for the Rand Company is as follows. October November December $253304 $249172 $331582 Based on the Company Data, how much cash does Rand expect to collect in December? Round your answer to the nearest whole dollar
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