Calculate the cash collection

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Reference no: EM131070944

Month Sales $ Month Sales $ Jan 21,429 July 36,081 Feb 28,959 Aug 45,784 Mar 45,784 Sep 21,429 Apr 36,081 Oct 45,784 May 21,429 Nov 28,959 June 28,959 Dec 36,081 Sales are collected as follows: In the month of Sales: 43% In the next month: 20% After 2 months: 6% After 3 months: remainder is collected Calculate the cash collection for November.

Reference no: EM131070944

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