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Calculate the cash collections for the month of December

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Reference no: EM132787406

Question - B Side Productions is a manufacturer of cheap scooters. Actual sales for the quarter just ended are as follows:

 

October

November

December

Sales

1,600,000

2,000,000

4,300,000

30% of all sales are cash sales with the remaining 70% being on credit. Of the credit sales 25% are collected in the month of sale, 60% are collected in the month after the sale and 15% is collected 2 months after the sale.

Calculate the cash collections for the month of December.

Reference no: EM132787406

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