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Big Corporation collections history of sales is 30% in the month of sale, 60% in the...

Big Corporation collections history of sales is 30% in the month of sale, 60% in the month following the month of sale, and 10% in the second month following sales. Big Corporation’s sales for September are projected to be $60.00, for October, $100.00, for November, $120.00 and for December, $90.00. What are Big Corporation’s projected cash collections for the month of December?

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Answer #1

Cash in december = 30% of december sale+60% of november sale+10% of oct sale

=90*0.3+120*0.6+100*0.1

=109

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