The lime corporation has obtained the following sales forecast data: july august september october cash sales $ 80,000 $ 70,000 $ 50,000 $ 60,000 credit sales $ 240,000 $ 220,000 $ 180,000 $ 200,000 the regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. there are no bad debts. the budgeted cash receipts for october would be:

In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.