The sales for January,February,and March are $22,000,$36,000 and $50,000,respectively.For any particular month of sales the following percentages are received over time in cash for any given month: 60% in cash from that same month of sales; 30% in cash from the previous month's sales; and 10% in cash from the sales from two months ago.What amount of cash will be received during March?

Question

Quizplus · Accepted Answer

To find the cash received during March, we need to calculate the cash received from March sales, February sales, and January sales.

Cash received from March sales = 60% of $50,000 = $30,000
Cash received from February sales = 30% of $36,000 = $10,800
Cash received from January sales = 10% of $22,000 = $2,200

Total cash received = $30,000 + $10,800 + $2,200 = $43,000

Therefore, the answer is choice C.

The Sales for January,February,and March Are $22,000,$36,000 and $50,000,respectively