Calculate the cash collection

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Month Sales $ Month Sales $ Jan 44,202 July 20,562 Feb 19,221 Aug 25,659 Mar 25,659 Sep 44,202 Apr 20,562 Oct 25,659 May 44,202 Nov 19,221 June 19,221 Dec 20,562 Sales are collected as follows: In the month of Sales: 40% In the next month: 33% After 2 months: 9% After 3 months: remainder is collected Calculate the cash collection for December.

Reference no: EM131072071

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