XYZ Company projected unit credit sales for the last four months of the year as shown below:

Sept 3,000

Oct 3,200

Nov 4,100

Dec 5,600 The companys past records show collection of credit sales as 60% in the month of sale and the

balance in the following month. If inventory units are sold for $25, the total cash collections in November will be?

(Please help me solve the following question with steps on how to do it. I already have the answers, I just need someone to explain in clear steps on how to do this problem.)

Ans: $93500