Respuesta :
Answer:
Jan $ 95,656
February $ 115,420
March $ 127,848
Total $ 338,924
Explanation:
[tex]\left[\begin{array}{cccccc}&$January&$February&$March&$Total\\\\$Sales&103,960&123,060&131,040&934,000\\\\\\$Current Month&62,376&73,836&78,624&214,836\\$Previous&33,280&41,584&49,224&124,088\\$Total&95,656&115,420&127,848&338,924\\\end{array}\right][/tex]
We have to multiply the month sales by 60% (0.60) to obtaining the current month collection
Then, we multiply the previopus month
(December for January)
January for February)
Febraury for March)
To know the colelction form the previous period
then we add and get the total collection
January is $95,656
February is = $ 115,420
March is = $127,848
The Total Collection from the previous period is = $338,924
Calculation of Cash Payments
January February March Total
Sales 1,03,960 123,060 131,040 934,000
Current Month 62,376 73,836 78,624 214,836
Previous 33,280 115,420 127,848 338,924
When We have to multiply the monthly sales by 60% (0.60) to obtain the current month's collection
Then, we multiply the previous month
(December for January)
January for February)
February for March)
Then, To know the Collection form the previous period
Thus, we add and get the Total collection which is $338,924
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