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Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $960,000 in November, $1,065,000 in December, and
Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $960,000 in November, $1,065,000 in December, and $938,000 in January. Ahmed's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows:
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