[solved]-Monthsales Monthsales Jan 35 219july 26 392feb 32 087aug 26 395mar 26 395sep 35

MonthSales $MonthSales $Jan       35,219July     26,392Feb       32,087Aug     26,395Mar      26,395Sep     35,219Apr     26,392Oct     26,395May      35,219Nov32,087June     32,087

Dec     26,392

Sales are collected as follows:

In the month of Sales: 43%

In the next month: 32%

After 2 months: 6%

Remainder is considered as bad debt and is not collected.

Calculate the cash collection for June.

Expert Answer

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