A company collects 25 of its sales during the month of sale, Financial Management

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A company collects 25 of its sales during the month of sale

A company collects 25% of its sales during the month of sale, 65% one month after the sale, and 10% two months after the sale. The company expects sales of $50,000 in August, $80,000 in September, $90,000 in October, and $60,000 in November. How much money is expected to be collected in October?

a. $55,000

b. $90,000

c. $22,500

d. $79,500

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Financial Management: A company collects 25 of its sales during the month of sale

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Financial Management: A company collects 25 of its sales during the month of sale

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