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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: 33% After 2 months: 13% After 3 months: the remainder is collected

What is the cash collection for July?

Month Sales $ Month Sales $
Jan 45,445 July 33,970
Feb 98,889 Aug 75,733
Mar 75,733 Sep 45,445
Apr 33,970 Oct 75,733
May 45,445 Nov 98,889
June 98,889 Dec 33,970

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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