Solution-What is the estimated amount of cash receipts

What is the estimated amount of cash receipts

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Reference no: EM13550348

Estimate Cash Collections

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

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

Reference no: EM13550348

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What is the estimated amount of cash receipts

Reference no: EM13550348

Reference no: EM13550348

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