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Activision Inc. is a gaming software developer. 1 0 % of Activision s sales are cash and collected in the same month. The remaining 9

Activision Inc. is a gaming software developer. 10% of Activisions sales are cash and collected in the same month. The remaining 90% are on credit and collected one month after the purchase. Total wages for Activision is $20M per month. Cost of goods sold (packaging) is equal to 10% of sales. Packaging materials are purchased one month ahead of sales and are paid one month after receipt. Activision started November with a cash balance of $10M. Activisions sales are shown in the following table.

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