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Monarch, LLC Is a Landscaping Business That Specializes in Providing

Question 127

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Monarch, LLC is a landscaping business that specializes in providing services to homes in a small, rural community. A majority of their customers have set up accounts where they will pay their bill for services in the month following the month when the service is rendered while other customers will pay in the same month as the work is completed. Monarch estimates that it will collect 63% of its sales in the month it occurs, 34% of its sale in the following month, and the remaining 3% in the second month following the sale. Their sales have been as follows: July, $3,400; August, $8,760; September, $8,900; and October, $7,240. What will the total cash collected during September be? All calculations should be rounded to the nearest whole number.

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Monarch will collect $8,687 during Septe...

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