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The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 28% In the next month:
The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 28% In the next month: 30% After 2 months: 14% After 3 months: remainder is collected What is the cash collection for October?
Month | Sales $ | Month | Sales $ |
Jan | 20,446 | July | 42,427 |
Feb | 21,190 | Aug | 65,088 |
Mar | 65,088 | Sep | 20,446 |
Apr | 42,427 | Oct | 65,088 |
May | 20,446 | Nov | 21,190 |
June | 21,190 | Dec | 42,427 |
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