Duluth company is preparing its cash budget for december

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Reference no: EM13594994

Duluth Company is preparing its cash budget for December. The following information is available concerning its accounts receivable:

Estimated credit sales for December $ 300,000
Actual credit sales for November $ 225,000
Estimated collections in December for credit sales in December 25 %
Estimated collections in December for credit sales in November 70 %
Estimated collections in December for credit sales prior to November $ 24,000
Estimated write-offs in December for uncollectible credit sales $ 12,000
Estimated provision for bad debts in December for credit sales in December $ 10,500

Required:
What is the estimated amount of cash receipts from accounts receivable collections in December?

Reference no: EM13594994

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