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Dante Enterprises sells hot sauce to restaurants throughout the south. Dante sells each jar of hot sauce for $.90. The company's accountant has prepared the

Dante Enterprises sells hot sauce to restaurants throughout the south. Dante sells each jar of hot sauce for $.90. The company's accountant has prepared the following sales forecast (in units) for the fourth quarter of the current year:

October

8,000 units

November

15,000 units

December

18,000 units

Historically, the cash collection of sales has been as follows: 40 percent in the month of sale, 50 percent in the month following sale, and 10 percent in the second month following sale. Compute projected cash receipts for the month of December.

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