The lumber yard has projected sales for april through july of $152,400, $161,800, $189,700, and $196,400, respectively. the firm collects 52 percent of its sales in the month of sale, 46 percent in the month following the month of sale, and the remainder in the second month following the month of sale. what is the amount of the july collections?

$192,626

Explanation:

The computation of the July month collection is shown below:

= July projected sales × collection percentage +  June projected sales × following month collection percentage + May projected sales × remaining percentage

= $196,400 × 52% + $189,700 × 46% + $161,800 × 2%

= $102,128 + $87,262 + $3,236

= $192,626

The percentage is 100% in which 52% is collected in July month 46% in June month and 2% is on May month

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answer; blank(1); /rises; blank(2); //increases;