The Sales for October,November,and December Are $2,000,$6,000 and $10,000,respectively

question 89

Essay

The sales for October,November,and December are $2,000,$6,000 and $10,000,respectively.For any particular month of sales,the following percentages are received over time in cash for any given month: 20% in cash from that same month of sales; 50% in cash from the previous month's sales; and 30% in cash from the sales from two months ago.What percentage of cash will be received during December compared to the sales for December?

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Definitions:

Subsidy

A financial contribution granted by the government or a public body to help an industry or business keep the price of a commodity or service low.

Marginal Costs

The increase in cost resulting from the manufacture of one additional unit of a good or service.

Decreasing Costs

Situations in which costs diminish as the level of production or scale of operations increases.

Efficiency

The extent to which time, effort, or cost is well-used for the intended task or purpose.