Personal M Question 6 - Week 3: Homework X Copilot with GPT-4 X + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252Fconnect.mheduc... A . .. Week 3: Homework i Saved Help Save & Exit Submit Check my work 6 Problem 4-24 (Algo) Cash budget [LO4-2] 5 Graham Potato Company has projected sales of $20,400 in September, $22,000 in October, $30,400 in November, and $26,400 in points December. Of the company's sales, 30 percent are paid for by cash and 70 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. X 02-54:43 Determine collections for November and December. Also assume Graham's cash payments for November and December are $25,500 and $18,000, respectively. The beginning cash eBook balance in November is $5,000, which is the desired minimum balance. + Hint a. Prepare a cash receipts schedule for November and December. Print Graham Potato Company References Cash Receipts Schedule September October November December Sales $ 20,400 $ 22,000 Credit sales 14,280 15,400 Cash sales One month after sale Two months after sale Total cash receipts $ 0 $ Mc Graw Hill Copilot in Windows (preview) 71 F 11:04 PM Partly cloudy Q Search T () O 7/28/2024