Amount of cash janice dress delivery

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Reference no: EM13150390

Janice's Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $560,000 in December. Because Janice's Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 30 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $96,400 and is budgeted to be $73,600 as of January 31. Janice's Dress Delivery normally collects accounts receivable in the month following the month of sale.

Required:

Determine the amount of cash Janice's Dress Delivery expects to collect from accounts receivable during January.

Reference no: EM13150390

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