ABC Company has the following projected sales:
|
Month
|
Sales
|
|
June
|
$9,649
|
|
July
|
$2,369
|
|
August
|
$16,879
|
|
September
|
$23,996
|
- 24% of the sales are collected in the same month.
- 10% of the sales are collected after one month,
- 16% of the sales are collected after two months, and
- the remainder is collected after three month.
What is the amount of the September collections?