Business, 09.12.2019 17:31 mmassaro19

Wichita industries' sales are 20% cash and 80% on credit. credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. on december 31, the accounts receivable balance includes $13,000 from november sales and $42,000 from december sales. assume that total sales for january are budgeted to be $51,000. what are the expected cash receipts for january from the current and past sales? a. 26,520b. 60,520c. 62,820d. 64,320e. 74,520

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Wichita industries' sales are 20% cash and 80% on credit. credit sales are collected as follows: 40...

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