A company collects 60% of its sales during the month of the sale, - 2797

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  • Posted on: Wed 21 Mar, 2012
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Request Description

 A company collects 60% of its sales during the month of the sale, 30% one month after the sale, and 10% two months after the sale. The company expects sales of $10,000 in August, $20,000 in September, $30,000 in October, and $40,000 in November. How much money is expected to be collected in October?

          a.   $25,000

          b.   $15,000

          c.   $35,000

          d.   None of the above

Solution Description

 A company collects 60% of its sales during the month of the sale, 30% one month after the sale, and 10% two months after the sale.