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Triangle Goods had January sales of $13,000. Anticipated sales during February are $17,000, and March sales are projected at $15,000. Sixty percent of sales are
Triangle Goods had January sales of $13,000. Anticipated sales during February are $17,000, and March sales are projected at $15,000. Sixty percent of sales are cash sales; the remainder is on account. Sales on account are expected to be collected 35% in the month of sale, 50% in the month following the month of sale, and 15% in the second month following the month of sale. How much are anticipated cash collections during the month of March? Answer:15,280
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