Suppose that the Sales in December 2019 were 46,595. The sales are expected to grow by 6% in January 2020, by 9% in February 2020, and by 6% in March 2020. After that, the sales are expected to grow by 10%.
The company's cash collection is as follows: 65% is collected in the same month and the remainder in the next month.
What is the cash collection for July, 2020?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
| 80891.93 | |
| Statement showing Computations | |
| Particulars | Amount |
| December 2019 | 46,595.00 |
| January 2020 | 49,390.70 |
| February 2020 | 53,835.86 |
| March 2020 | 57,066.01 |
| April 2020 | 62,772.62 |
| May 2020 | 69,049.88 |
| June 2020 | 75,954.87 |
| July 2020 | 83,550.35 |
| Cash collection for July : | |
| June month sales = 75,954.87*.35 | 26,584.20 |
| July Month Sales = 83,550.35*.65 | 54,307.73 |
| Total Cash collection for July | 80,891.93 |
Suppose that the Sales in December 2019 were 46,595. The sales are expected to grow by...
Suppose that the Sales in December 2019 were 46,595. The sales are expected to grow by 6% in January 2020, by 9% in February 2020, and by 6% in March 2020. After that, the sales are expected to grow by 10%. The company's cash collection is as follows: 65% is collected in the same month and the remainder in the next month. What is the cash collection for July, 2020? Enter your answer rounded off to two decimal points. Do...
Suppose that the Sales in December 2019 were 46,595. The sales are expected to grow by 6% in January 2020, by 9% in February 2020, and by 6% in March 2020. After that, the sales are expected to grow by 10%. The company's cash collection is as follows: 65% is collected in the same month and the remainder in the next month. What is the cash collection for July, 2020? Enter your answer rounded off to two decimal points. Do...
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