Question

EA9.

LO 7.3Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale, 30% was collected the month after the sale, and 10% was collected the second month after the sale. Given the sales shown, how much cash will be collected in January and February?

Answer 1

The total cash collection for January is $25,100 and the total cash collection for February is $25,300.

Step-by-step explanation:

Please see attachment