General Data 1 . Sales are 10% cash , 90% on credit 2 . Of the credit sales , 80 % are collected in the month following the month of sale , and 20% in the second month following the sale 3 . 20% of purchases are paid for in the month they were made , 80 % in the following month 4 . A dividend payment of $10 000 will be made in January 5 . A fixed asset was purchased for $15 000 and will be paid for in full in November