$14$

Graham Potato Company has projected sales of $$12,000$ in September, $$15,000$ in October, $$22,000$ in November, and $$18,000$ in December. Of the company's sales, $30$ percent are paid for by cash and $70$ percent are sold on credit. Experience shows that $40$

$2$

percent of accounts receivable are paid in the month after the sale, while the remaining $60$ percent are paid two months after.

points

$02$:$13$:$48$

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References

$\backslash$table$[[$Graham Potato Company,$],[$Cash Receipts Schedule,$],[,$September,October,November,December$],[$Sales$,,,,],[$Credit sales,,,,$],[$Cash sales,,,,$],[$One month after sale,,,,$],[$Two months after sale,,,,$],[$Total cash receipts,,,,$]]$