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The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 42% In the next month:
The table contains the Sales estimates for the next year.
Sales are collected as follows: In the month of Sales: 42% In the next month: 24% After 2 months: 13% After 3 months: remainder is collected
What is the cash collection for July?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
Month Sales $ Month Sales $ Jan July 33,170 93,102 Feb Aug 43,552 38,582 Mar Sep 38,582 33,170 Apr Oct 93,102 38,582 May Nov n 33,170 43,552 June Dec 43,552 93,102Step by Step Solution
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