What is the cash collection for august

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Problem: Suppose that the Sales in December 2019 were 62,800. The sales are expected to grow by 8% in January 2020, by 5% in February 2020, and by 12% in March 2020. After that, the sales are expected to grow by 10%.

The company's cash collection is as follows: 20% is collected in the same month, 48% is collected in the next month, and the remainder in the following month.

What is the cash collection for August, 2020?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

Reference no: EM132459346

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