Oneill co has 296467 in accounts receivable on january 1

Reference no: EM13591335

O'Neill Co. has $296,467 in accounts receivable on January 1. Budgeted sales for January are $835,975. O'Neill expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. What are the January cash collections from sales?

Reference no: EM13591335

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