Question

Graham Potato Company has projected sales of $8,400 in September, $12,000 in October, $18,400 in November, and $14,400 in December. Of the company's sales, 20 percent are paid for by cash, and 80 percent are sold on credit. Experience shows that 40 percent of accounts receivable are paid in the month after the sale, while the remaining 60 percent are paid two months after. Determine collections for November and December.

Also, assume Graham