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Determine the cash receipts of Novu Novu Hair Co

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Reference no: EM132523993

Question - Actual sales in Novu Novu Hair Co. were:

June 30,000

July 50,000

August 70,000

Sales in September are expected to be 60,000

Terms of collection:

30% of a month's sales are collected in the month of sales

50% in the first month after sale

15% in the second month after sale

Required - Determine the cash receipts of Novu Novu Hair Co. for September.

Reference no: EM132523993

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