ANX Ltd of Montreal collects 23% of its sales in the month of sale, 56% in the month following the month of sale, 19% in the second month following the sale, and 2% of sales are never collected. Sales are: What is the amount of the cash collections in October?

Question

ANX Ltd of Montreal collects 23% of its sales in the month of sale, 56% in the month following the month of sale, 19% in the second month following the sale, and 2% of sales are never collected. Sales are:  What is the amount of the cash collections in October?

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The Answer of ANX Ltd of Montreal collects 23% of its sales in the month of sale, 56% in the month following the month of sale, 19% in the second month following the sale, and 2% of sales are never collected. Sales are:  What is the amount of the cash collections in October?

ANX Ltd of Montreal Collects 23% of Its Sales in the Month