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The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 30% In the next month:
The table contains the Sales estimates for the next year.
Sales are collected as follows: In the month of Sales: 30% In the next month: 24% After 2 months: 6% After 3 months: remainder is collected
What is the cash collection for September?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
Month | Sales $ | Month | Sales $ |
Jan | 59,536 | July | 63,230 |
Feb | 70,019 | Aug | 51,156 |
Mar | 51,156 | Sep | 59,536 |
Apr | 63,230 | Oct | 51,156 |
May | 59,536 | Nov | 70,019 |
June | 70,019 | Dec | 63,230 |
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