A company collects 60% of its sales during the month of the sale, 30% one month after the sale, and 10% two months after the sale. The company expects sales of $10,000 in August, $20,000 in September, $30,000 in October, and $40,000 in November. How much money is expected to be collected in October?
A) $25,000
B) $15,000
C) $35,000
D) None of the above

Question

Quizplus · Accepted Answer

60% of October sales ($30,000) = $18,00030% of September sales ($20,000) = $6,000Total expected collections in October = $18,000 + $6,000 = $24,000

A Company Collects 60% of Its Sales During the Month