according to my interpretation of the question in October they would collect:
the 10% of the August sales = .10($10,000)
the 20% of the Sept sales = .20($20,000)
and the 70% of the Oct sales = .70($30,000)
Do the arithmetic and add them up
A project has an inital outlay of 4,000. It has a single payoff at the end of year 4 of $6.996.46. What is the internal rate of return for the project (round to the nearest %)?
A company collects 70% of its sales during the month of the sale, 20% one month after the sale,and 10% two months after the sale. The companyexpects sales of $10,000 in August,$20,000 in September, $30,000 in October, and $40,000 in November. How much money is expected to be collected in October?
To calculate the amount of money expected to be collected in October, we need to determine the sales for October and then calculate 70% of that amount.
According to the given information, the expected sales in October are $30,000. To find the amount expected to be collected in October, we multiply the sales amount by 70%:
Amount collected in October = 0.70 * $30,000
= $21,000
Therefore, the amount of money expected to be collected in October is $21,000.