What is the cash collection for October?

Sales are:

In the month of sales: 25%

In the next month: 22%

After 2 months: 7%

After 3 months: remainder is collected

Month	Sales $	Month	Sales $
Jan	34,599	July	20,706
Feb	33,253	Aug	67,777
Mar	67,777	Sep	34,599
Apr	20,706	Oct	67,777
May	34,599	Nov	33,253
June	33,253	Dec	20,706

Answer rating: 100% (QA)

Sales in October 67777 Percentage of sales collected in t... View the full answer