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Butterfly, LLC Is a Landscaping Business and Specializes in Providing

Question 126

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Butterfly, LLC is a landscaping business and specializes in providing services to suburban homes. A large majority of their customers have set up accounts to where they will pay their bill for services in the month following when the service is rendered while other customers will pay as the work is completed. Butterfly estimates that it will collect 30% of its sales in the month it occurs, 62% of its sale in the following month, and the remaining 8% in the second month following the sale. Their sales have been as follows: June, $4,000; July, $7,600; August, $9,000; and September, $8,200. What will the total cash collected during July be?

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Butterfly will collect $4,760 ...

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