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Amount of the september collections

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Reference no: EM131419503

ABC Company has the following projected sales:

Month    

Sales

June

$9,649

July

$2,369

August

$16,879

September 

$23,996
  • 24% of the sales are collected in the same month. 
  • 10% of the sales are collected after one month, 
  • 16% of the sales are collected after two months, and 
  • the remainder is collected after three month. 

What is the amount of the September collections?

Reference no: EM131419503

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