Ruiz Co.'s budget includes the following credit sales for the current year: September, $145,000; October, $136,000; November, $120,000; December, $157,000. Credit sales are collected as follows: 15% in the month of sale, 50% in the first month after sale, and 35% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales

The total collection in December is "131150".

Explanation:

The given values are:

Credit sales,

Now,

Credit sales in December will be:

=

=

=

Credit sales in November will be:

=

=

=

Credit sales in October will be:

=

=

=

hence,

The total collection will be:

=

=

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