(Answered) Abc company has the following projected

Economics

ABC Company has the following projected sales:

Month Sales

Jan $1,279

Feb $155

Mar $14,482

Apr $34,167

22% of the sales are collected in the same month.

26% of the sales are collected after one month,

15% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the April collections?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

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