SOLUTION: A company collects 60% of its sales during the month of sale, 30% one month after the same and 10% two months after the sale. Expected sales are: $10,000 in August, $12,000 in Sept

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A company collects 60% of its sales during the month of sale, 30% one month after the same and 10% two months after the sale. Expected sales are: $10,000 in August, $12,000 in Sept      Log On


   

Question 168736This question is from textbook Principals of Finance
: A company collects 60% of its sales during the month of sale, 30% one month after the same and 10% two months after the sale. Expected sales are: $10,000 in August, $12,000 in September, $30,000 in October, and $40,000 in November. How much cash is expected to be collected in October?
A)$15,000
B)$25,000
C)$35,000
D)$60,000
 This question is from textbook Principals of Finance

Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
10% of august 1000
30% of sept 3600
60% of oct 18000
:
Oct's total 22600
closest answer is B