Compute the cost of not taking a cash discount of $\frac{2}{10},$ net $30?$ How would the cost be impacted if it was net $40?$ What if it was net $25?$

Prepare a monthly cash receipts schedule for the firm for March through August. All sales are credit sales and are $$40,000$ for March, $$36,000$ for April, $$32,000$ for May, $$$42,000$ for June, $$39,000$ for July, and $$35,000$ for August. Sales in January and February are $$33,000$ and $$35,00$ respectively. Experience shows that $10\%$ of sales will be uncollectible, $30\%$ collected in the month of sale, $40\%$ collected the following month, and $20\%$ collected two months after sale. Once the schedule is determined, state how much is still uncollected at the end of August and how much of that is expected to actually be collected.