A company collects 60% of its sales during the month of sale, 30% one month after the sale, - 4454

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Request Description

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 

 
Solution Description

A company collects 60% of its sales during the month of sale, 30%