A company collects 60% of its sales during the month of sale, 30% one month after the sale, and 10% two months after the sale. Expected sales are: $10,000 in August, $20,000 in September, $30,000 in October, and $40,000 in November. How much cash is expected to be collected in October?
a. $15000
b. $25000
c. $35000
d. $60000
A company collects 60% of its sales during the month of sale, 30% one month af
