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The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 32% In the next month:
The table contains the Sales estimates for the next year.
Sales are collected as follows: In the month of Sales: 32% In the next month: 30% After 2 months: 6% After 3 months: remainder is collected
What is the cash collection for December?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
Month | Sales $ | Month | Sales $ |
Jan | 35,173 | July | 30,095 |
Feb | 81,811 | Aug | 74,754 |
Mar | 74,754 | Sep | 35,173 |
Apr | 30,095 | Oct | 74,754 |
May | 35,173 | Nov | 81,811 |
June | 81,811 | Dec | 30,095 |
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