Dante Enterprises sells hot sauce to restaurants throughout the south.Dante sells each jar of hot sauce for $.90.The company's accountant has prepared the following sales forecast (in units)for the fourth quarter of the current year:
$$\begin{array} { l c }
\text { October } & \text { 8000 urits } \
\text { November } & 15 \text { d00 urits } \
\text { December } & 18000 \text { urite }
\end{array}$$
Historically,the cash collection of sales has been as follows: 40 per cent in the month of sale,50 per cent in the month following sale,and 10 per cent in the second month following sale.
Required: Compute projected cash receipts for the month of December.

Question

Dante Enterprises sells hot sauce to restaurants throughout the south.Dante sells each jar of hot sauce for $.90.The company's accountant has prepared the following sales forecast (in units)for the fourth quarter of the current year:
$$\begin{array} { l c } 
\text { October } & \text { 8000 urits } \
\text { November } & 15 \text { d00 urits } \
\text { December } & 18000 \text { urite }
\end{array}$$ 
Historically,the cash collection of sales has been as follows: 40 per cent in the month of sale,50 per cent in the month following sale,and 10 per cent in the second month following sale.
Required: Compute projected cash receipts for the month of December.

Quizplus · Accepted Answer

The Answer of Dante Enterprises sells hot sauce to restaurants throughout the south.Dante sells each jar of hot sauce for $.90.The company's accountant has prepared the following sales forecast (in units)for the fourth quarter of the current year:
$$\begin{array} { l c } 
\text { October } & \text { 8000 urits } \
\text { November } & 15 \text { d00 urits } \
\text { December } & 18000 \text { urite }
\end{array}$$ 
Historically,the cash collection of sales has been as follows: 40 per cent in the month of sale,50 per cent in the month following sale,and 10 per cent in the second month following sale.
Required: Compute projected cash receipts for the month of December.

Dante Enterprises Sells Hot Sauce to Restaurants Throughout the South