What is the cash collection for august

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Problem: Suppose that the Sales in December 2019 were 49,360. The sales are expected to grow by 18% in January 2020, by 14% in February 2020, and by 11% in March 2020. After that, the sales are expected to grow by 5%.

The company's cash collection is as follows: 61% is collected in the same month and the remainder in the next month.

What is the cash collection for August, 2020?

Enter the answer rounded off to two decimal points.

Reference no: EM132459724

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