Yoga Love's collection experience has shown that 70% of the clients purchasing on credit pay in the month following the purchase and 28% pay for their purchase in the second month following purchase. The remaining 2% of credit sales are estimated to be uncollectible. Yoga Love's inventory assumptions are: 40% of next month's sales for yoga mats 20% of next month sales for yoga cloths No beginning inventory is required for yoga classes, or teacher training Yoga Love's inventory supplier requires 50% down (paid in the month of purchase), then 70% of the remaining balance after 30 days and the remainder 60 days after the purchase. Yoga Love's markup assumptions are: Yoga Classes 700% Teacher Training 500% Yoga Cloths 80% Yoga Mats 50%