Cash Receipts From Sales. Ponytail Productions has forecast revenues as follows:

Required 1. Calculate the amount of cash receipts the company is budgeting by month in the fourth quarter.
2. If the collection pattern changed to 40, 40, 15, and 5 percent, respectively, what is the impact on fourth quarter cash receipts?

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July August September $67,000 October... 69,000 November. 72,000 December. $75,000 80,000 90,000 The controller has maintained a record of collections and has estimated the follow- ing pattern: Month of sale First month after sale. Second month after sale Uncollected..... 60% 30 8 2