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What is the cash collection for october

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Reference no: EM132379927

The table contains the Sales estimates for the next year.

Sales are collected as follows:

In the month of Sales: 32%

In the next month: 30%

After 2 months: 12%

After 3 months: remainder is collected

What is the cash collection for October?

Month Sales$ Month Sales$

Jan       64,018 July     51,958

Feb      28,016 Aug     61,623

Mar      61,623 Sep     64,018

Apr      51,958 Oct      61,623

May     64,018 Nov     28,016

June    28,016 Dec     51,958

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

Reference no: EM132379927

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