Lector provides hydroponic grow equipment to Canada's growing cannabis industry. Past experience has shown that 35% of s
Posted: Sun May 29, 2022 5:02 pm
Lector provides hydroponic grow equipment to Canada's growing cannabis industry. Past experience has shown that 35% of sales are collected in the month of sales, 50% the following month and the rest is collected two months after sales. Cannabis Lector had sales of $600,000 in January, $800,000 in February and $1,000,000 in March. Give total cash collections in March.