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The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 38% In the next month:
The table contains the Sales estimates for the next year.
Sales are collected as follows: In the month of Sales: 38% In the next month: 28% After 2 months: 9% After 3 months: remainder is collected
What is the cash collection for October?
Month | Sales $ | Month | Sales $ |
Jan | 68,231 | July | 77,558 |
Feb | 40,646 | Aug | 47,430 |
Mar | 47,430 | Sep | 68,231 |
Apr | 77,558 | Oct | 47,430 |
May | 68,231 | Nov | 40,646 |
June | 40,646 | Dec | 77,558 |
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