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3 June, 20:04

The sales for January, February, and March are $150,000, $180,000 and $220,000, respectively. For any particular month of sales, the following percentages are received over time in cash: 40% in cash from that same month of sales; 50% in cash from the previous month's sales; and, 10% in cash from the sales from two months ago. What amount of cash will be received during March?

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  1. 3 June, 20:11
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    Total cash = $193,000

    Explanation:

    Giving the following information:

    Estimated sales ($):

    January = $150,000

    February = $180,000

    March = $220,000

    40% in cash from that same month of sales

    50% in cash from the previous month's sales

    10% in cash from the sales from two months ago

    Cash collection March:

    From March = 220,000*0.4 = 88,000

    From February = 180,000*0.5 = 90,000

    From January = 150,000*0.1 = 15,000

    Total cash = $193,000
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