Question: QUESTION # 3 [ 1 0 marks ] ACME Corp Sales Month Oct Nov Dec Jan Feb Mar Apr Sales 4 0 , 0 0

QUESTION # 3[10 marks]
ACME Corp Sales
Month
Oct
Nov
Dec
Jan
Feb
Mar
Apr
Sales
40,000
46,000
50,000
50,000
55,000
62,500
65,000
The ACME Corp has the sales projections as shown in the table above. The company collects 50% of its sales 1 month after the sale; 30% in the 2nd month after the sale; and 20% in the 3 months after the sale.
Required: Show the sales collections for January April.

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