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Business, 06.12.2019 17:31 danielamejia13

Wichita industries' sales are 10% cash and 90% on credit. credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the following month. on december 31, the accounts receivable balance includes $12,000 from november sales and $42,000 from december sales. assume that total sales for january are budgeted to be $50,000. what are the expected cash receipts for january from the current and past sales?

a. $18,500.
b. $51,500.
c. $51,900.
d. $55,500.
e. $60,500

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