From the following data,estimate the amount of cash to be collected in July.
Assuming that the collection pattern is as follows: 10 per cent of sales is collected in the same month,50 per cent is collected the following month,30 per cent is collected two months following the sale and 10 per cent is not collected at all.
A)$27 500
B)$33 000
C)$45 500
D)$33 500

Question

From the following data,estimate the amount of cash to be collected in July. 
Assuming that the collection pattern is as follows: 10 per cent of sales is collected in the same month,50 per cent is collected the following month,30 per cent is collected two months following the sale and 10 per cent is not collected at all.
A)$27 500 
B)$33 000 
C)$45 500 
D)$33 500

Quizplus · Accepted Answer

The Answer is D

From the Following Data,estimate the Amount of Cash to Be