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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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