Cash collections for Wax On Candles found that 58% of sales were collected in the month of the sale, 33% was collected the month after the sale, and 4% was collected the second month after the sale. Given the sales shown, how much cash will be collected in January? Round to the nearest penny, two decimal places. Month Sales November $27,874 Wax On Candles data December $23,765 January $28,375 February $25,849

Cash collections for Wax On Candles found that 58% of sales were collected in the month of the sale, 33% was collected the month after the sale, and 4% was collected the second month after the sale. Given the sales shown, how much cash will be collected in January? Round to the nearest penny, two decimal places. Month Sales November $27,874 Wax On Candles data December $23,765 January $28,375 February $25,849

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9EA: Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale,...

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