The sales for January,February,and March are $50,000,$80,000 and $120,000,respectively.For any particular month of sales,the following percentages are received over time in cash: 40% in cash from that same month of sales;50% 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

40% of March sales = $120,000 x 40% = $48,00050% of February sales = $80,000 x 50% = $40,00010% of January sales = $50,000 x 10% = $5,000Total cash received in March = $48,000 + $40,000 + $5,000 = $93,000

The Sales for January,February,and March Are $50,000,$80,000 and $120,000,respectively