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Month Sales $ Month Sales $ Jan 48,078 July 13,404 Feb 33,023 Aug 39,643 Mar 39,643 Sep 48,078 Apr 13,404 Oct 39,643 May 48,078 Nov 33,023 June 33,023 Dec 13,404 Sales are collected as follows: In the month of Sales: 30% In the next month: 21% After 2 months: 12% After 3 months: remainder is collected Calculate the cash collection for December. 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.

Financial Management, Finance

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