Abc collects 74 percent of its sales in the month of sale, Financial Management

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Abc collects 74 percent of its sales in the month of sale

ABC Company has projected Sales of $11,234 in January. The sales are expected to grow by 10% each month. ABC's collection schedule is as follows:

ABC collects 74 percent of its sales in the month of sale and the remainder is collected in the following month. What is the amount of the April cash collections?

Enter your answer rounded off to two decimal points.

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Financial Management: Abc collects 74 percent of its sales in the month of sale

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Financial Management: Abc collects 74 percent of its sales in the month of sale

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