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Calculate the total cash collections for month of january

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Reference no: EM132603518

Question 1: Calculate the total cash collections for the month of January and February in the year 2020?

These are the numbers:

Total Sales (January) - $78,625

Total Sales (February) - $157,250

Percentage of sales collected during the month - 49%

Percentage of sales collected after one month - 33%

Percentage of sales collected after two months - 15%

November 2019 Sales - $1,170,000

December 2019 Sales - $1,800,000

Accounts Receivable (Ending 2019) - $1,098,899

Inflation Rate in 2020 - 3%

Reference no: EM132603518

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